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

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

Shares of NYSE EROS traded up $0.18 during mid-day trading on Friday, reaching $1.82. 6,921,900 shares of the company were exchanged, 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 company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The stock has a market cap of $122.32 million, a PE ratio of 4.59 and a beta of -0.04. The stock has a 50 day moving average of $3.68.

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake 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 during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Eros International by 980.8% in the first 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. Rhumbline Advisers lifted its stake in Eros International by 54.5% in the fourth quarter. Rhumbline Advisers now owns 47,329 shares of the company’s stock worth $392,000 after purchasing an additional 16,694 shares during the last quarter. Van ECK Associates Corp lifted its stake in Eros International by 4.0% in the fourth quarter. Van ECK Associates Corp now owns 174,598 shares of the company’s stock worth $220,000 after purchasing an additional 6,654 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Eros International by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 124,861 shares of the company’s stock worth $1,035,000 after purchasing an additional 17,487 shares during the last quarter. 49.05% of the stock is owned by institutional investors and hedge funds.

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

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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