VIZIO Holding Corp. (NYSE:VZIO) Sees Large Growth in Short Interest

VIZIO Holding Corp. (NYSE:VZIO) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 27,030,000 shares, an increase of 26.0% from the August 31st total of 21,450,000 shares. Based on an average daily volume of 1,990,000 shares, the short-interest ratio is currently 13.6 days. Currently, 35.0% of the shares of the company are short sold.

Insider Buying and Selling at VIZIO

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value of $28,437.15. Following the transaction, the insider now directly owns 602,364 shares in the company, valued at $6,704,311.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in VIZIO by 8.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock worth $19,163,000 after purchasing an additional 188,430 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of VIZIO in the 1st quarter valued at $9,784,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of VIZIO in the 1st quarter valued at $6,760,000. Vanguard Group Inc. increased its stake in shares of VIZIO by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after acquiring an additional 918,300 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of VIZIO in the 1st quarter valued at $1,612,000. Institutional investors own 66.24% of the company’s stock.

VIZIO Price Performance

NYSE VZIO traded down $0.02 during trading hours on Friday, reaching $11.21. The company’s stock had a trading volume of 1,543,450 shares, compared to its average volume of 2,403,954. The firm has a fifty day simple moving average of $11.13 and a 200-day simple moving average of $10.90. The stock has a market cap of $2.25 billion, a P/E ratio of 124.57 and a beta of 2.04. VIZIO has a 52 week low of $4.82 and a 52 week high of $11.30.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VIZIO presently has a consensus rating of “Hold” and an average target price of $10.81.

VIZIO Company Profile

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.