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

iRobot Co. (NASDAQ:IRBT) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 4,040,000 shares, an increase of 12.2% from the January 15th total of 3,600,000 shares. Approximately 14.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Ratings Changes

IRBT has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Tuesday, January 21st. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research report on Saturday, January 25th.

Hedge Funds Weigh In On iRobot

Large investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in iRobot during the 3rd quarter valued at $39,000. SBI Securities Co. Ltd. bought a new stake in shares of iRobot during the 4th quarter worth $59,000. Olympiad Research LP bought a new stake in shares of iRobot during the 3rd quarter worth $89,000. SG Americas Securities LLC bought a new stake in iRobot in the 4th quarter valued at about $97,000. Finally, Quest Partners LLC raised 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 acquiring an additional 3,285 shares during the period. 77.42% of the stock is currently owned by institutional investors.

iRobot Stock Up 1.6 %

NASDAQ IRBT traded up $0.15 during mid-day trading on Monday, hitting $9.49. The company’s stock had a trading volume of 2,645,116 shares, compared to its average volume of 1,855,786. 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 company’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $8.10. iRobot has a twelve month low of $5.83 and a twelve month high of $14.51. The firm has a market capitalization of $290.01 million, a price-to-earnings ratio of -2.06 and a beta of 0.80.

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.