ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADT - Get Free Report) was the recipient of a significant 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. Approximately 4.5% of the shares of the stock are short sold. Based on an average daily volume of 6,670,000 shares, the short-interest ratio is presently 3.2 days.

Wall Street Analysts Forecast Growth

ADT has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a research note on Friday, October 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price objective on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th.

ADT Trading Up 0.1 %

NYSE:ADT traded up $0.01 during mid-day trading on Monday, reaching $7.69. 8,102,959 shares of the company's stock traded hands, compared to its average volume of 5,300,774. ADT has a 12-month low of $6.10 and a 12-month high of $8.25. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 8.35 and a beta of 1.50. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company has a 50 day moving average price of $7.25 and a 200-day moving average price of $7.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Ieq Capital LLC purchased a new position in ADT during the 4th quarter valued at about $2,603,000. Private Advisor Group LLC grew its holdings in shares of ADT by 17.4% during the 4th quarter. Private Advisor Group LLC now owns 25,802 shares of the security and automation business's stock worth $178,000 after acquiring an additional 3,831 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of ADT by 64.0% during the 4th quarter. Sanctuary Advisors LLC now owns 35,670 shares of the security and automation business's stock worth $246,000 after acquiring an additional 13,925 shares during the period. Rhumbline Advisers grew its holdings in shares of ADT by 6.3% during the 4th quarter. Rhumbline Advisers now owns 271,604 shares of the security and automation business's stock worth $1,877,000 after acquiring an additional 16,210 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of ADT by 13,736.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,912 shares of the security and automation business's stock worth $111,000 after acquiring an additional 15,797 shares during the period. Hedge funds and other institutional investors own 87.22% of the company's stock.

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.