ADT Inc. (NYSE:ADT) Short Interest Update

ADT Inc. (NYSE:ADT) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 23,550,000 shares, an increase of 16.9% from the September 15th total of 20,150,000 shares. Based on an average trading volume of 4,050,000 shares, the days-to-cover ratio is presently 5.8 days. Currently, 5.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in ADT in the 2nd quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new stake in shares of ADT in the second quarter valued at approximately $30,000. Raleigh Capital Management Inc. purchased a new position in shares of ADT during the 4th quarter worth approximately $36,000. Duncker Streett & Co. Inc. acquired a new position in shares of ADT during the 2nd quarter worth approximately $38,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT in the 2nd quarter valued at approximately $76,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Price Performance

NYSE:ADT traded up $0.14 during trading hours on Wednesday, hitting $7.00. The company’s stock had a trading volume of 3,848,417 shares, compared to its average volume of 4,916,236. ADT has a 52-week low of $5.53 and a 52-week high of $7.92. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The business’s 50-day moving average is $7.19 and its two-hundred day moving average is $7.13. The company has a market capitalization of $6.46 billion, a PE ratio of 9.89 and a beta of 1.53.

ADT (NYSE:ADT) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. As a group, research analysts anticipate that ADT will post 0.62 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, September 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.