Could Adt Inc (NYSE:ADT) Change Direction After More Shorts?

April 17, 2018 - By Marguerite Chambers

ADT Inc. (NYSE:ADT) Logo

The stock of Adt Inc (NYSE:ADT) registered an increase of 14.78% in short interest. ADT’s total short interest was 24.55M shares in April as published by FINRA. Its up 14.78% from 21.39M shares, reported previously. With 5.18 million shares average volume, it will take short sellers 5 days to cover their ADT’s short positions.

The stock increased 0.61% or $0.06 during the last trading session, reaching $9.05. About 547,623 shares traded. ADT Inc. (NYSE:ADT) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

ADT Inc. provides security and automation solutions for homes and businesses in the United States and Canada. The company has market cap of $6.78 billion. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. It has a 17.07 P/E ratio. The firm 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.

ADT Inc. (NYSE:ADT) Ratings Coverage

Among 7 analysts covering ADT (NYSE:ADT), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. ADT has $19.0 highest and $14.0 lowest target. $15.86’s average target is 75.25% above currents $9.05 stock price. ADT had 8 analyst reports since February 13, 2018 according to SRatingsIntel. As per Tuesday, February 13, the company rating was initiated by Goldman Sachs. The firm has “Overweight” rating given on Friday, March 16 by Morgan Stanley. As per Tuesday, February 13, the company rating was initiated by Deutsche Bank. The stock has “Hold” rating by Credit Suisse on Tuesday, February 13. The stock of ADT Inc. (NYSE:ADT) earned “Buy” rating by Citigroup on Tuesday, February 13.

ADT Inc. (NYSE:ADT) Ratings Chart

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