Zepp Health Co. (NYSE:ZEPP) Sees Significant Decrease in Short Interest

Zepp Health Co. (NYSE:ZEPP) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,300 shares, a decline of 75.8% from the January 15th total of 17,800 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,600 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Zepp Health

An institutional investor recently bought a new position in Zepp Health stock. Mandatum Life Insurance Co Ltd acquired a new position in shares of Zepp Health Co. (NYSE:ZEPP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,750 shares of the company’s stock, valued at approximately $28,000. Mandatum Life Insurance Co Ltd owned approximately 0.07% of Zepp Health at the end of the most recent quarter. Hedge funds and other institutional investors own 52.61% of the company’s stock.

Zepp Health Stock Performance

Shares of NYSE ZEPP traded up $0.11 during midday trading on Wednesday, hitting $3.01. The company’s stock had a trading volume of 23,282 shares, compared to its average volume of 16,546. The firm has a market cap of $45.31 million, a P/E ratio of -1.20 and a beta of 0.68. Zepp Health has a 1-year low of $2.06 and a 1-year high of $5.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.87 and a current ratio of 1.21. The firm’s fifty day moving average price is $2.90 and its 200-day moving average price is $3.04.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a $14.65 price objective on Zepp Health and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

About Zepp Health

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.