Eros International plc (NYSE:EROS) Short Interest Down 14.1% in June

Eros International plc (NYSE:EROS) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 8,315,800 shares, a decrease of 14.1% from the May 30th total of 9,678,400 shares. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 16.2% of the company’s stock are short sold.

Separately, Citigroup set a $74.00 price target on shares of Realty Income and gave the company a “hold” rating in a research report on Tuesday, June 11th.

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake 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 purchasing an additional 6,483 shares during the last quarter. Van ECK Associates Corp grew its stake in Eros International by 4.0% in the 4th quarter. Van ECK Associates Corp now owns 174,598 shares of the company’s stock valued at $220,000 after buying an additional 6,654 shares in the last quarter. Rhumbline Advisers grew its stake in Eros International by 54.5% in the 4th quarter. Rhumbline Advisers now owns 47,329 shares of the company’s stock valued at $392,000 after buying an additional 16,694 shares in the last quarter. Marshall Wace LLP purchased a new position in Eros International in the 1st quarter valued at approximately $446,000. Finally, Bank of New York Mellon Corp grew its stake in Eros International by 6.6% in the 4th quarter. Bank of New York Mellon Corp now owns 105,578 shares of the company’s stock valued at $875,000 after buying an additional 6,569 shares in the last quarter. 49.05% of the stock is currently owned by hedge funds and other institutional investors.

NYSE EROS traded up $0.18 during trading hours on Friday, hitting $1.82. The company’s stock had a trading volume of 6,921,900 shares, compared to its average volume of 1,182,599. Eros International has a 52 week low of $1.26 and a 52 week high of $14.30. The stock has a market capitalization of $122.32 million, a P/E ratio of 4.59 and a beta of -0.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50-day moving average price is $3.68.

About Eros International

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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