Short Interest Update on iRobot Corporation (NASDAQ:IRBT)

iRobot Corporation (NASDAQ:IRBT) reported a drop of 2.4% or 92,971 shares in its short interest. The short figure came in at 13.1% of the total floats. The average daily volume of 305,109 shares suggests that the days to cover 3,721,300 short positions, as on July 31,2015, will be 12. On July 15,2015, the short interest was 3,814,271 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on August 11th-2015.

The company shares have dropped 11.13% in the past 52 Weeks. On December 3, 2014 The shares registered one year high of $38.1 and one year low was seen on February 5, 2015 at $28.05. The 50-day moving average is $31.57 and the 200 day moving average is recorded at $32.35. S&P 500 has rallied 8.81% during the last 52-weeks.

iRobot Corporation (NASDAQ:IRBT) : On Wednesday heightened volatility was witnessed in iRobot Corporation (NASDAQ:IRBT) which led to swings in the share price. The shares opened for trading at $29.93 and hit $30.71 on the upside , eventually ending the session at $30.66, with a gain of 1.66% or 0.5 points. The heightened volatility saw the trading volume jump to 257,420 shares. The 52-week high of the share price is $38.1 and the company has a market cap of $916 million. The 52-week low of the share price is at $28.05 .

iRobot Corporation has lost 0.69% in the last five trading days and dropped 7.26% in the last 4 weeks. iRobot Corporation has dropped 6.77% during the last 3-month period . Year-to-Date the stock performance stands at -13.13%.

iRobot Corporation (NASDAQ:IRBT) shares are expected to touch $38.93 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 7.14. The target price could hit $50 on the higher end and $31 on the lower end.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Dean Alison, officer (EVP, CFO & Treasurer) of Irobot Corp, had unloaded 1,873 shares at an average price of $32.31 in a transaction dated on July 15, 2015. The total value of the transaction was worth $60,517.

iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications. The Company’s products combine artificial intelligence technology with easy to use interfaces. The consumer robots are supervised by their owners and respond to a click of a button or mouse. The Company specializes in the development and production of Artificial Intelligence, Man/Machine Interfaces, and Micro Robotics.

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