Zepp Health Co. (NYSE:ZEPP) Sees Large Increase in Short Interest

Zepp Health Co. (NYSE:ZEPP) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 8,400 shares, an increase of 211.1% from the February 28th total of 2,700 shares. Based on an average daily trading volume, of 19,800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Zepp Health Price Performance

NYSE:ZEPP traded down $0.34 during trading hours on Friday, reaching $3.13. 13,596 shares of the company traded hands, compared to its average volume of 19,558. Zepp Health has a 1-year low of $2.06 and a 1-year high of $4.38. The stock has a market cap of $47.04 million, a P/E ratio of -1.25 and a beta of 0.75. The firm’s 50-day moving average is $2.98 and its 200-day moving average is $3.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.21 and a quick ratio of 0.87.

Institutional Trading of Zepp Health

An institutional investor recently bought a new position in Zepp Health stock. Mandatum Life Insurance Co Ltd purchased a new position in shares of Zepp Health Co. (NYSE:ZEPP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 reporting period. 52.61% of the stock is currently owned by institutional investors.

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.