Resideo Technologies, Inc. (NYSE:REZI) Short Interest Update

Resideo Technologies, Inc. (NYSE:REZI) was the recipient of a significant 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 trading volume, of 964,300 shares, the days-to-cover ratio is presently 3.9 days.

Resideo Technologies Price Performance

NYSE REZI traded up $0.12 on Thursday, hitting $23.05. 504,260 shares of the company were exchanged, compared to its average volume of 726,796. Resideo Technologies has a 1-year low of $16.36 and a 1-year high of $28.28. The firm has a 50 day moving average of $25.04 and a two-hundred day moving average of $21.75. 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 company has a market cap of $3.39 billion, a P/E ratio of 20.76 and a beta of 2.17.

Insiders Place Their Bets

In other news, insider Robert B. Aarnes sold 98,829 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the sale, the insider now owns 458,928 shares in the company, valued at approximately $12,005,556.48. This represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Resideo Technologies

A number of large investors have recently modified their holdings of REZI. Hennion & Walsh Asset Management Inc. raised its position in Resideo Technologies by 13.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,248 shares of the company’s stock worth $674,000 after purchasing an additional 3,398 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Resideo Technologies by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after buying an additional 647 shares during the period. JPMorgan Chase & Co. raised its position in shares of Resideo Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company’s stock worth $20,301,000 after acquiring an additional 143,452 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Resideo Technologies by 3.1% during the third quarter. Principal Financial Group Inc. now owns 742,628 shares of the company’s stock valued at $14,957,000 after acquiring an additional 22,353 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Resideo Technologies by 45.3% in the third quarter. Franklin Resources Inc. now owns 171,792 shares of the company’s stock valued at $3,592,000 after acquiring an additional 53,541 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Company Profile

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.