iRobot Co. (NASDAQ:IRBT) Short Interest Down 11.2% in June

iRobot Co. (NASDAQ:IRBT) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 5,550,000 shares, a decline of 11.2% from the May 31st total of 6,250,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the short-interest ratio is presently 3.0 days. Approximately 20.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC raised iRobot to a “hold” rating in a research report on Thursday, May 9th.

iRobot Price Performance

IRBT stock traded up $0.24 during trading hours on Wednesday, hitting $8.97. 288,821 shares of the stock traded hands, compared to its average volume of 2,361,017. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $9.58 and a 200 day simple moving average of $14.64. iRobot has a one year low of $6.48 and a one year high of $51.49. The company has a market cap of $257.98 million, a P/E ratio of -1.15 and a beta of 0.89.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported ($1.75) earnings per share for the quarter, topping the consensus estimate of ($2.39) by $0.64. The business had revenue of $150.01 million during the quarter, compared to analyst estimates of $139.45 million. iRobot had a negative return on equity of 99.56% and a negative net margin of 24.42%. Equities analysts forecast that iRobot will post -4.31 earnings per share for the current year.

Institutional Trading of iRobot

A number of hedge funds have recently made changes to their positions in IRBT. Allworth Financial LP raised its holdings in shares of iRobot by 522.0% during the 4th quarter. Allworth Financial LP now owns 678 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 569 shares in the last quarter. Byrne Asset Management LLC acquired a new position in iRobot during the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in shares of iRobot in the fourth quarter valued at approximately $60,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of iRobot in the first quarter worth $77,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of iRobot by 14.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,000 shares of the industrial products company’s stock worth $79,000 after buying an additional 1,130 shares during the period. 77.42% of the stock is owned by hedge funds and other institutional investors.

iRobot Company Profile

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.