Short Interest in iRobot Co. (NASDAQ:IRBT) Declines By 11.2%

iRobot Co. (NASDAQ:IRBT) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 5,550,000 shares, a decrease of 11.2% from the May 31st total of 6,250,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is currently 3.0 days. Currently, 20.3% of the shares of the stock are sold short.

iRobot Stock Up 2.2 %

Shares of iRobot stock traded up $0.19 during mid-day trading on Wednesday, hitting $8.92. 266,326 shares of the stock were exchanged, compared to its average volume of 2,360,840. iRobot has a twelve month low of $6.48 and a twelve month high of $51.49. The company has a 50-day simple moving average of $9.58 and a 200 day simple moving average of $14.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.15.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On iRobot

Hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of iRobot by 522.0% in the fourth quarter. Allworth Financial LP now owns 678 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 569 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of iRobot in the fourth quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of iRobot in the fourth quarter worth approximately $60,000. Larson Financial Group LLC boosted its position in shares of iRobot by 11,822.9% in the fourth quarter. Larson Financial Group LLC now owns 4,173 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 4,138 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of iRobot in the fourth quarter worth approximately $220,000. 77.42% of the stock is owned by institutional investors and hedge funds.

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.