Resideo Technologies, Inc. (NYSE:REZI) Sees Large Drop in Short Interest

Resideo Technologies, Inc. (NYSE:REZI) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,070,000 shares, a decrease of 16.8% from the March 15th total of 3,690,000 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 2.9 days.

Resideo Technologies Stock Down 3.2 %

Shares of NYSE REZI traded down $0.51 during trading on Monday, reaching $15.27. 85,759 shares of the stock were exchanged, compared to its average volume of 1,043,918. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 24.23 and a beta of 2.04. The business’s 50-day moving average price is $17.98 and its 200 day moving average price is $21.48. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. Resideo Technologies has a twelve month low of $14.18 and a twelve month high of $28.28.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. As a group, equities analysts forecast that Resideo Technologies will post 2.13 EPS for the current fiscal year.

Institutional Trading of Resideo Technologies

Hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in Resideo Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock valued at $335,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC increased its holdings in Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after buying an additional 647 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Resideo Technologies by 4.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company’s stock valued at $352,000 after buying an additional 663 shares in the last quarter. Highland Capital Management LLC lifted its holdings in Resideo Technologies by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 10,854 shares of the company’s stock worth $250,000 after buying an additional 666 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after acquiring an additional 726 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.