Resideo Technologies, Inc. (NYSE:REZI) Short Interest Update

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 3,070,000 shares, a decrease of 16.8% from the March 15th total of 3,690,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.1% of the company's stock are sold short.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded Resideo Technologies from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $31.00 to $16.00 in a report on Tuesday.

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded up $0.25 during trading on Thursday, reaching $15.67. 100,207 shares of the company's stock traded hands, compared to its average volume of 937,223. The stock has a market capitalization of $2.32 billion, a P/E ratio of 24.78 and a beta of 2.04. Resideo Technologies has a 12 month low of $14.18 and a 12 month high of $28.28. The company has a 50 day moving average of $17.60 and a 200-day moving average of $21.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, equities analysts expect that Resideo Technologies will post 2.13 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Resideo Technologies by 358.9% in the third quarter. Barclays PLC now owns 262,698 shares of the company's stock worth $5,290,000 after purchasing an additional 205,453 shares in the last quarter. Geode Capital Management LLC increased its stake in Resideo Technologies by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company's stock valued at $67,759,000 after buying an additional 26,000 shares during the period. Franklin Resources Inc. raised its position in shares of Resideo Technologies by 45.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,792 shares of the company's stock worth $3,592,000 after buying an additional 53,541 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Resideo Technologies by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock worth $14,957,000 after acquiring an additional 22,353 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Resideo Technologies by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company's stock valued at $20,301,000 after acquiring an additional 143,452 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.