Helios Technologies, Inc (NYSE:HLIO) Short Interest Update

Helios Technologies, Inc (NYSE:HLIO) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,131,585 shares, an increase of 21.3% from the December 31st total of 932,869 shares. Based on an average daily trading volume, of 323,028 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.4% of the shares of the company are short sold. Currently, 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 323,028 shares, the days-to-cover ratio is currently 3.5 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HLIO shares. Weiss Ratings restated a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 29th. Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Zacks Research cut Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, CJS Securities raised Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Helios Technologies Price Performance

Shares of NYSE HLIO traded up $1.11 during mid-day trading on Wednesday, reaching $70.68. The company’s stock had a trading volume of 510,637 shares, compared to its average volume of 348,158. The firm’s fifty day simple moving average is $58.59. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 69.98 and a beta of 1.30. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $71.86. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.44.

Helios Technologies (NYSE:HLIO) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. Helios Technologies had a return on equity of 7.74% and a net margin of 4.18%.The business had revenue of $220.30 million during the quarter, compared to the consensus estimate of $213.10 million.

About Helios Technologies

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.