ADT Inc (ADT) Short Interest Up 22.1% in May

ADT Inc (NYSE:ADT) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 34,609,703 shares, a growth of 22.1% from the May 15th total of 28,352,359 shares. Approximately 28.5% of the shares of the company are short sold. Based on an average daily trading volume, of 3,281,434 shares, the days-to-cover ratio is currently 10.5 days.

ADT opened at $7.98 on Monday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.53 and a current ratio of 0.63. ADT has a twelve month low of $6.93 and a twelve month high of $13.02. The stock has a market capitalization of $5.99 billion and a PE ratio of -22.80.

ADT (NYSE:ADT) last posted its earnings results on Wednesday, May 9th. The security and automation business reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.27). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. analysts expect that ADT will post 0.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 25th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, June 22nd. ADT’s payout ratio is -40.00%.

ADT has been the topic of several analyst reports. ValuEngine lowered shares of ADT from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Morgan Stanley lowered their price target on shares of ADT from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, March 16th. Zacks Investment Research raised shares of ADT from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, April 17th. Finally, Barclays lowered their price target on shares of ADT from $17.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. ADT presently has a consensus rating of “Buy” and an average target price of $15.00.

In other ADT news, Director Andrew Africk purchased 130,000 shares of the stock in a transaction on Monday, May 14th. The shares were purchased at an average price of $7.46 per share, with a total value of $969,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.23% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank bought a new stake in shares of ADT in the 1st quarter worth about $100,000. Wells Fargo & Company MN bought a new stake in shares of ADT in the 1st quarter worth about $126,000. Envestnet Asset Management Inc. bought a new stake in shares of ADT in the 1st quarter worth about $149,000. State of Wisconsin Investment Board bought a new stake in shares of ADT in the 1st quarter worth about $168,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of ADT in the 1st quarter worth about $174,000. 97.78% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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