iRobot Co. (NASDAQ:IRBT) Short Interest Update

iRobot Co. (NASDAQ:IRBT - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 6,330,000 shares, an increase of 26.6% from the March 31st total of 5,000,000 shares. Currently, 22.2% of the shares of the company are sold short. Based on an average daily volume of 2,240,000 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Upgrades and Downgrades

Several research firms have commented on IRBT. StockNews.com cut shares of iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a research note on Thursday, March 13th.

iRobot Trading Up 7.4 %

Shares of NASDAQ:IRBT traded up $0.17 during midday trading on Thursday, reaching $2.48. The company had a trading volume of 598,537 shares, compared to its average volume of 1,556,500. iRobot has a 1-year low of $1.76 and a 1-year high of $14.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. The firm has a market cap of $76.93 million, a price-to-earnings ratio of -0.54 and a beta of 0.80. The company has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $6.53.

Hedge Funds Weigh In On iRobot

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of iRobot by 2,712.4% in the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company's stock worth $3,480,000 after acquiring an additional 386,189 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of iRobot by 317.2% in the 1st quarter. Private Advisor Group LLC now owns 462,880 shares of the industrial products company's stock worth $1,250,000 after buying an additional 351,925 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of iRobot by 41.8% during the fourth quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company's stock worth $7,777,000 after buying an additional 295,997 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of iRobot by 44.8% in the 4th quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company's stock worth $4,458,000 after acquiring an additional 177,876 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of iRobot by 32.4% in the fourth quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company's stock valued at $5,083,000 after buying an additional 160,343 shares in the last quarter. 77.42% of the stock is currently owned by 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.