Short Interest in Infrastructure and Energy Alternatives (NASDAQ:IEA) Expands By 31.6%

Infrastructure and Energy Alternatives (NASDAQ:IEA) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 1,596,200 shares, a growth of 31.6% from the May 30th total of 1,212,700 shares. Based on an average daily trading volume, of 590,900 shares, the short-interest ratio is presently 2.7 days. Currently, 8.4% of the shares of the stock are short sold.

Separately, Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd.

In related news, CFO Andrew Dean Layman purchased 14,900 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $3.51 per share, with a total value of $52,299.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.

Shares of Infrastructure and Energy Alternatives stock traded down $0.06 during trading on Friday, reaching $2.75. The company’s stock had a trading volume of 97,800 shares, compared to its average volume of 310,772. Infrastructure and Energy Alternatives has a 52-week low of $1.81 and a 52-week high of $11.27. The company has a market cap of $60.97 million, a P/E ratio of -3.41 and a beta of 0.39. The firm has a 50-day simple moving average of $2.70.

Infrastructure and Energy Alternatives (NASDAQ:IEA) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.67). Infrastructure and Energy Alternatives had a negative net margin of 0.14% and a negative return on equity of 11.34%. The business had revenue of $190.81 million during the quarter, compared to analysts’ expectations of $144.30 million. On average, sell-side analysts expect that Infrastructure and Energy Alternatives will post -0.14 EPS for the current fiscal year.

About Infrastructure and Energy Alternatives

Infrastructure and Energy Alternatives, Inc, a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services.

Recommended Story: Book Value Per Share – BVPS

Receive News & Ratings for Infrastructure and Energy Alternatives Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infrastructure and Energy Alternatives and related companies with MarketBeat.com's FREE daily email newsletter.