Zepp Health Co. (NYSE:ZEPP) Sees Significant Decrease in Short Interest

Zepp Health Co. (NYSE:ZEPP) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 3,400 shares, a drop of 20.9% from the January 31st total of 4,300 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a $14.65 target price on shares of Zepp Health and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

Zepp Health Stock Up 1.6 %

Shares of ZEPP traded up $0.05 during mid-day trading on Wednesday, reaching $2.82. The company’s stock had a trading volume of 26,223 shares, compared to its average volume of 19,105. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.21 and a quick ratio of 0.87. Zepp Health has a 12-month low of $2.06 and a 12-month high of $5.00. The stock has a market cap of $42.37 million, a PE ratio of -1.13 and a beta of 0.68. The company’s 50 day moving average is $2.89 and its 200 day moving average is $3.08.

Hedge Funds Weigh In On Zepp Health

A hedge fund recently bought a new stake in Zepp Health stock. Virtu Financial LLC acquired a new position in shares of Zepp Health Co. (NYSE:ZEPP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,056 shares of the company’s stock, valued at approximately $57,000. Virtu Financial LLC owned about 0.09% of Zepp Health at the end of the most recent quarter. 52.61% of the stock is owned by institutional investors and hedge funds.

Zepp Health Company Profile

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.