ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADT) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 21,650,000 shares, an increase of 33.1% from the December 31st total of 16,260,000 shares. Based on an average daily volume of 6,670,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.5% of the company’s shares are sold short.

Hedge Funds Weigh In On ADT

Several large investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new stake in shares of ADT during the 3rd quarter valued at $70,000. Capstone Investment Advisors LLC bought a new stake in shares of ADT during the third quarter valued at about $76,000. Chicago Partners Investment Group LLC purchased a new stake in shares of ADT in the fourth quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ADT in the fourth quarter worth about $73,000. Finally, KBC Group NV boosted its position in shares of ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock valued at $76,000 after acquiring an additional 3,375 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price target on shares of ADT in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday, October 25th.

ADT Stock Performance

Shares of ADT stock traded down $0.07 on Friday, reaching $7.70. 6,486,915 shares of the company traded hands, compared to its average volume of 4,563,707. The company has a 50 day moving average of $7.25 and a 200 day moving average of $7.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT has a 52 week low of $6.10 and a 52 week high of $8.25. The firm has a market capitalization of $6.98 billion, a PE ratio of 8.36 and a beta of 1.51.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.