iRobot Co. (NASDAQ:IRBT) Short Interest Update

iRobot Co. (NASDAQ:IRBT - Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 5,180,000 shares, an increase of 31.8% from the February 13th total of 3,930,000 shares. Currently, 18.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IRBT shares. StockNews.com upgraded shares of iRobot from a "sell" rating to a "hold" rating in a research note on Monday. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research note on Thursday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in iRobot by 1.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 71,944 shares of the industrial products company's stock valued at $558,000 after buying an additional 965 shares in the last quarter. LPL Financial LLC grew its stake in iRobot by 3.4% in the 4th quarter. LPL Financial LLC now owns 41,254 shares of the industrial products company's stock valued at $320,000 after buying an additional 1,346 shares in the last quarter. Focus Partners Wealth grew its stake in iRobot by 2.9% in the 4th quarter. Focus Partners Wealth now owns 62,071 shares of the industrial products company's stock valued at $481,000 after buying an additional 1,771 shares in the last quarter. Corton Capital Inc. grew its stake in iRobot by 4.1% in the 4th quarter. Corton Capital Inc. now owns 67,714 shares of the industrial products company's stock valued at $525,000 after buying an additional 2,685 shares in the last quarter. Finally, Quest Partners LLC grew its stake in iRobot by 39.8% in the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company's stock valued at $100,000 after buying an additional 3,285 shares in the last quarter. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

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iRobot Stock Performance

Shares of IRBT stock traded down $0.25 during trading hours on Thursday, hitting $3.16. 1,396,189 shares of the company were exchanged, compared to its average volume of 1,610,882. The firm has a fifty day simple moving average of $7.67 and a 200 day simple moving average of $7.86. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. iRobot has a 52-week low of $2.99 and a 52-week high of $14.51. The stock has a market capitalization of $96.79 million, a price-to-earnings ratio of -0.69 and a beta of 0.87.

iRobot Company Profile

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.