iRobot Co. (NASDAQ:IRBT) Short Interest Up 12.2% in January

iRobot Co. (NASDAQ:IRBT - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,040,000 shares, a growth of 12.2% from the January 15th total of 3,600,000 shares. Approximately 14.1% of the shares of the stock are sold short. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On iRobot

Institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in iRobot during the 3rd quarter valued at $39,000. Private Advisor Group LLC raised its stake 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 valued at $640,000 after acquiring an additional 51,575 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of iRobot by 96.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 12,147 shares of the industrial products company's stock worth $106,000 after acquiring an additional 5,970 shares during the last quarter. KG&L Capital Management LLC bought a new stake in shares of iRobot in the 3rd quarter worth about $109,000. Finally, Olympiad Research LP purchased a new position in shares of iRobot during the 3rd quarter worth about $89,000. 77.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IRBT. StockNews.com cut iRobot from a "hold" rating to a "sell" rating in a report on Saturday, January 25th. Needham & Company LLC reissued a "hold" rating on shares of iRobot in a report on Tuesday, January 21st.

iRobot Trading Down 8.1 %

Shares of NASDAQ:IRBT traded down $0.77 during trading on Friday, reaching $8.74. The company's stock had a trading volume of 1,301,754 shares, compared to its average volume of 2,384,316. The stock has a market capitalization of $267.19 million, a PE ratio of -1.90 and a beta of 0.80. iRobot has a 12 month low of $5.83 and a 12 month high of $14.51. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The firm's 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $8.12.

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.