Resideo Technologies Inc (NYSE:REZI) Short Interest Up 6.4% in May

Resideo Technologies Inc (NYSE:REZI) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,529,800 shares, a growth of 6.4% from the April 30th total of 3,316,800 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 3.5 days.

REZI traded up $0.02 during trading on Friday, hitting $21.50. 862,322 shares of the stock traded hands, compared to its average volume of 965,215. The business’s 50 day moving average is $20.85. The firm has a market cap of $2.64 billion and a P/E ratio of 8.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.19. Resideo Technologies has a twelve month low of $17.60 and a twelve month high of $28.67.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, analysts forecast that Resideo Technologies will post 1.39 EPS for the current year.

In other Resideo Technologies news, insider Michael G. Nefkens purchased 4,964 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $20.26 per share, for a total transaction of $100,570.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Masi Niccolo De purchased 4,837 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average price of $20.68 per share, with a total value of $100,029.16. The disclosure for this purchase can be found here. Insiders have purchased 20,081 shares of company stock valued at $407,126 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Fort L.P. bought a new stake in Resideo Technologies during the fourth quarter valued at $27,000. Dubuque Bank & Trust Co. bought a new stake in Resideo Technologies during the first quarter valued at $28,000. Laurel Wealth Advisors LLC bought a new stake in Resideo Technologies during the fourth quarter valued at $29,000. 1832 Asset Management L.P. bought a new stake in Resideo Technologies during the fourth quarter valued at $29,000. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in Resideo Technologies during the fourth quarter valued at $31,000. 74.65% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. Imperial Capital restated an “outperform” rating and set a $26.00 price objective (up from $24.00) on shares of Resideo Technologies in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Resideo Technologies presently has an average rating of “Buy” and a consensus target price of $26.00.

About Resideo Technologies

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

See Also: Call Option Volume

Receive News & Ratings for Resideo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resideo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.