Zepp Health Co. (NYSE:ZEPP) Short Interest Update

Zepp Health Co. (NYSE:ZEPP - Get Free Report) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 46.3% from the February 29th total of 4,100 shares. Based on an average daily volume of 72,400 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a $4.96 price target on Zepp Health and gave the stock a "buy" rating in a research note on Tuesday.

Hedge Funds Weigh In On Zepp Health

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new position in Zepp Health in the 1st quarter worth approximately $49,000. Citadel Advisors LLC bought a new position in Zepp Health in the 3rd quarter worth approximately $30,000. Virtu Financial LLC bought a new position in Zepp Health in the 4th quarter worth approximately $33,000. Rhumbline Advisers grew its holdings in Zepp Health by 791.3% in the 3rd quarter. Rhumbline Advisers now owns 30,215 shares of the company's stock worth $35,000 after buying an additional 26,825 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Zepp Health in the 1st quarter worth approximately $107,000. 52.61% of the stock is currently owned by institutional investors and hedge funds.

Zepp Health Stock Performance

ZEPP stock traded down $0.02 during midday trading on Thursday, reaching $1.01. The company had a trading volume of 56,957 shares, compared to its average volume of 73,712. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $1.23 and a 200 day moving average price of $1.27. Zepp Health has a fifty-two week low of $0.90 and a fifty-two week high of $2.10. The firm has a market capitalization of $61.95 million, a PE ratio of -2.06 and a beta of 0.81.

Zepp Health Company Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura. The company through its proprietary Zepp Digital Management Platform, which includes the Zepp OS, AI chips, biometric sensors, and data algorithms, delivers cloud-based 24/7 actionable insights and guidance to help users attain wellness goals.