Resideo Technologies, Inc. (NYSE:REZI) Sees Significant Growth in Short Interest

Resideo Technologies, Inc. (NYSE:REZI) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,730,000 shares, a growth of 35.6% from the December 15th total of 2,750,000 shares. Based on an average daily volume of 964,300 shares, the short-interest ratio is currently 3.9 days.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total value of $2,585,366.64. Following the completion of the sale, the insider now owns 458,928 shares in the company, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Trading of Resideo Technologies

Several institutional investors have recently made changes to their positions in REZI. International Assets Investment Management LLC boosted its holdings in Resideo Technologies by 1,740.5% during the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock valued at $43,000 after purchasing an additional 2,019 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Resideo Technologies by 55.0% during the 3rd quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after buying an additional 892 shares during the period. Quarry LP boosted its stake in Resideo Technologies by 79.7% in the 2nd quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after buying an additional 1,283 shares in the last quarter. GAMMA Investing LLC grew its position in Resideo Technologies by 105.5% in the third quarter. GAMMA Investing LLC now owns 3,271 shares of the company’s stock valued at $66,000 after acquiring an additional 1,679 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Resideo Technologies during the third quarter worth $112,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

REZI stock traded up $0.12 during midday trading on Thursday, hitting $23.05. The stock had a trading volume of 504,260 shares, compared to its average volume of 726,796. Resideo Technologies has a 52 week low of $16.36 and a 52 week high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $25.04 and a 200 day simple moving average of $21.75. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 20.76 and a beta of 2.17.

About Resideo Technologies

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.