DIRTT 环境解决方案有限公司（纳斯达克股票代码：DRTT）11月空头利率上涨7.9％

DIRTT Environmental Solutions Ltd. (NASDAQ:DRTT – Get Rating) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 537,400 shares, an increase of 7.9% from the November 15th total of 497,900 shares. Based on an average daily trading volume, of 83,900 shares, the days-to-cover ratio is currently 6.4 days. Currently, 0.9% of the shares of the stock are sold short.

Insider Activity at DIRTT Environmental Solutions

In related news, Director Aron R. English purchased 1,562,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 30th. The shares were acquired at an average price of $0.32 per share, with a total value of $500,000.00. Following the purchase, the director now directly owns 1,777,369 shares in the company, valued at $568,758.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Aron R. English purchased 1,562,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 30th. The shares were acquired at an average price of $0.32 per share, with a total value of $500,000.00. Following the purchase, the director now directly owns 1,777,369 shares in the company, valued at $568,758.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shaun Noll purchased 3,469,641 shares of the firm's stock in a transaction that occurred on Friday, December 9th. The stock was bought at an average cost of $0.28 per share, for a total transaction of $971,499.48. Following the purchase, the director now owns 11,928,214 shares in the company, valued at $3,339,899.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,491,225 shares of company stock valued at $1,618,039 in the last 90 days. 6.70% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On DIRTT Environmental Solutions

Large investors have recently made changes to their positions in the company. InterOcean Capital Group LLC acquired a new position in shares of DIRTT Environmental Solutions during the first quarter valued at $34,000. Millennium Management LLC lifted its stake in shares of DIRTT Environmental Solutions by 72.4% during the second quarter. Millennium Management LLC now owns 40,345 shares of the company's stock valued at $43,000 after acquiring an additional 16,938 shares during the period. Sei Investments Co. lifted its stake in shares of DIRTT Environmental Solutions by 28.3% during the first quarter. Sei Investments Co. now owns 453,300 shares of the company's stock valued at $616,000 after acquiring an additional 100,000 shares during the period. Jarislowsky Fraser Ltd lifted its stake in shares of DIRTT Environmental Solutions by 14.9% during the second quarter. Jarislowsky Fraser Ltd now owns 1,124,499 shares of the company's stock valued at $1,220,000 after acquiring an additional 145,760 shares during the period. Finally, Nierenberg Investment Management Company Inc. increased its holdings in DIRTT Environmental Solutions by 232.4% in the third quarter. Nierenberg Investment Management Company Inc. now owns 4,014,368 shares of the company's stock valued at $1,745,000 after purchasing an additional 2,806,580 shares during the last quarter. Institutional investors and hedge funds own 76.32% of the company's stock.

DIRTT Environmental Solutions Price Performance

DIRTT Environmental Solutions stock traded down $0.04 on Friday, reaching $0.34. The company's stock had a trading volume of 238,414 shares, compared to its average volume of 87,019. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.09 and a current ratio of 1.68. DIRTT Environmental Solutions has a twelve month low of $0.20 and a twelve month high of $2.32. The company has a market cap of $33.13 million, a price-to-earnings ratio of -0.45 and a beta of 1.87. The business's fifty day moving average price is $0.33 and its 200 day moving average price is $0.66.

DIRTT Environmental Solutions (NASDAQ:DRTT – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. DIRTT Environmental Solutions had a negative net margin of 37.69% and a negative return on equity of 160.42%. The firm had revenue of $46.75 million for the quarter.

Analysts Set New Price Targets

Separately, Craig Hallum reduced their price objective on DIRTT Environmental Solutions to $1.00 in a research note on Thursday, November 17th.

About DIRTT Environmental Solutions

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DIRTT Environmental Solutions Ltd. designs, manufactures, and installs prefabricated interior solutions for use in commercial spaces across various industries and businesses in the United States, Canada, internationally. Its ICE software interior construction software provides end-to-end integration, design, order engineering, manufacturing, and installation services.

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