iRobot Co. (NASDAQ:IRBT) Short Interest Update

iRobot Co. (NASDAQ:IRBT) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 4,010,000 shares, a drop of 17.8% from the October 31st total of 4,880,000 shares. Currently, 13.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

IRBT has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th.

iRobot Trading Up 7.1 %

IRBT stock traded up $0.54 during trading on Monday, hitting $8.15. The company had a trading volume of 1,251,359 shares, compared to its average volume of 1,786,023. The firm has a market capitalization of $249.06 million, a P/E ratio of -1.66 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. iRobot has a 52-week low of $5.83 and a 52-week high of $39.99. The company has a 50 day simple moving average of $7.88 and a 200-day simple moving average of $8.62.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $193.40 million for the quarter, compared to analyst estimates of $218.41 million. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted ($3.09) earnings per share. As a group, research analysts forecast that iRobot will post -5.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On iRobot

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in iRobot by 185.4% in the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after acquiring an additional 127,602 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in iRobot by 1,224.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 14,715 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 13,604 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of iRobot by 234.2% in the third quarter. Private Advisor Group LLC now owns 73,597 shares of the industrial products company’s stock worth $640,000 after buying an additional 51,575 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of iRobot by 1,167.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock worth $42,000 after buying an additional 4,286 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of iRobot by 83.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,835 shares of the industrial products company’s stock valued at $376,000 after acquiring an additional 19,542 shares during the period. 77.42% of the stock is owned by hedge funds and other institutional investors.

About iRobot

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.