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.
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.
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