Zepp Health Co. (NYSE:ZEPP) Sees Significant Drop in Short Interest

Zepp Health Co. (NYSE:ZEPP) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,700 shares, a decline of 20.6% from the February 13th total of 3,400 shares. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zepp Health stock. Mandatum Life Insurance Co Ltd purchased a new stake in shares of Zepp Health Co. (NYSE:ZEPP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,750 shares of the company’s stock, valued at approximately $28,000. Mandatum Life Insurance Co Ltd owned 0.07% of Zepp Health as of its most recent filing with the SEC. Institutional investors and hedge funds own 52.61% of the company’s stock.

Zepp Health Price Performance

Shares of Zepp Health stock traded down $0.11 on Wednesday, hitting $3.52. 23,842 shares of the company were exchanged, compared to its average volume of 19,759. The stock has a market capitalization of $53.00 million, a price-to-earnings ratio of -1.41 and a beta of 0.75. The company has a 50-day moving average price of $2.93 and a 200 day moving average price of $3.09. Zepp Health has a 1-year low of $2.06 and a 1-year high of $4.52. The company has a quick ratio of 0.87, a current ratio of 1.21 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a $14.65 price objective on Zepp Health and gave the stock a “buy” rating in a report on Tuesday, November 26th.

About Zepp Health

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.