Short Interest in ADT Inc. (NYSE:ADT) Rises By 43.9%

ADT Inc. (NYSE:ADT) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 18,030,000 shares, a growth of 43.9% from the June 15th total of 12,530,000 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,200,000 shares, the days-to-cover ratio is presently 3.5 days.

Hedge Funds Weigh In On ADT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADT. TFO Wealth Partners LLC lifted its position in ADT by 10,738.7% in the fourth quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock valued at $211,000 after acquiring an additional 3,329 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of ADT in the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its position in shares of ADT by 1,185.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,772 shares of the security and automation business’s stock valued at $67,000 after purchasing an additional 9,012 shares during the period. Diversify Advisory Services LLC purchased a new position in ADT during the 2nd quarter worth approximately $76,000. Finally, TFB Advisors LLC acquired a new position in ADT during the first quarter worth approximately $77,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd.

ADT Price Performance

ADT traded up $0.06 on Monday, reaching $7.45. 3,066,756 shares of the company’s stock were exchanged, compared to its average volume of 5,310,470. The stock has a market cap of $6.87 billion, a PE ratio of 10.67 and a beta of 1.59. The stock’s fifty day moving average price is $7.28 and its 200-day moving average price is $6.83. ADT has a twelve month low of $5.53 and a twelve month high of $7.84. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56.

ADT (NYSE:ADT) last released its earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. ADT had a net margin of 12.81% and a return on equity of 15.98%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $0.11 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts expect that ADT will post 0.67 EPS for the current year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, June 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

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.