Eros International plc (NYSE:EROS) Short Interest Down 14.8% in July

Eros International plc (NYSE:EROS) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 6,698,300 shares, a decline of 14.8% from the June 30th total of 7,861,400 shares. Based on an average trading volume of 2,730,000 shares, the short-interest ratio is presently 2.5 days. Currently, 13.1% of the company’s stock are short sold.

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in Eros International by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 105,578 shares of the company’s stock worth $875,000 after purchasing an additional 6,569 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Eros International by 16.3% during the 4th quarter. Geode Capital Management LLC now owns 124,861 shares of the company’s stock worth $1,035,000 after buying an additional 17,487 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Eros International by 980.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,144 shares of the company’s stock worth $65,000 after buying an additional 6,483 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Eros International during the 1st quarter worth $446,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Eros International during the 2nd quarter worth $34,000. 52.93% of the stock is currently owned by institutional investors.

NYSE:EROS traded up $0.04 during mid-day trading on Tuesday, hitting $1.36. 2,484,367 shares of the company’s stock traded hands, compared to its average volume of 1,362,757. The stock has a fifty day moving average of $1.59. Eros International has a twelve month low of $1.21 and a twelve month high of $13.60. The company has a market cap of $93.54 million, a P/E ratio of 6.40 and a beta of -0.03. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.08.

Eros International (NYSE:EROS) last announced its earnings results on Monday, July 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.24). Eros International had a negative net margin of 156.91% and a positive return on equity of 1.35%. The business had revenue of $69.75 million for the quarter.

Separately, Citigroup reduced their price target on Eros International from $13.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, June 11th.

Eros International Company Profile

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, including theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.

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