Resideo Technologies, Inc. (NYSE:REZI) Sees Significant Decrease in Short Interest

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,040,000 shares, a drop of 18.5% from the December 31st total of 3,730,000 shares. Based on an average daily volume of 964,700 shares, the days-to-cover ratio is currently 3.2 days.

Insider Activity at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the completion of the transaction, the insider now owns 458,928 shares of the company's stock, valued at $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors have recently added to or reduced their stakes in REZI. State Street Corp raised its stake in Resideo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company's stock valued at $162,338,000 after purchasing an additional 159,069 shares during the period. Pacer Advisors Inc. purchased a new stake in Resideo Technologies in the 4th quarter worth about $122,145,000. Geode Capital Management LLC lifted its stake in Resideo Technologies by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company's stock worth $67,759,000 after acquiring an additional 26,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Resideo Technologies by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company's stock worth $31,134,000 after acquiring an additional 54,508 shares during the period. Finally, Beaconlight Capital LLC grew its stake in Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company's stock valued at $21,931,000 after acquiring an additional 428,669 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Up 0.1 %

Resideo Technologies stock traded up $0.02 during midday trading on Wednesday, hitting $21.88. 206,405 shares of the company were exchanged, compared to its average volume of 658,123. The company has a market cap of $3.22 billion, a PE ratio of 19.71 and a beta of 2.16. The company's fifty day moving average price is $24.25 and its 200-day moving average price is $22.03. Resideo Technologies has a fifty-two week low of $16.62 and a fifty-two week high of $28.28. 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Resideo Technologies had a net margin of 2.72% and a return on equity of 10.97%. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts predict that Resideo Technologies will post 1.96 EPS for the current fiscal year.

Resideo Technologies Company Profile

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.