Short Interest Runner: Is Buying Eros International Plc (NYSE:EROS) Here Good Idea?

November 28, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Runner: Is Buying Eros International Plc (NYSE:EROS) Here Good Idea?

The stock of Eros International Plc (NYSE:EROS) registered a decrease of 0.24% in short interest. EROS’s total short interest was 5.34 million shares in November as published by FINRA. Its down 0.24% from 5.36 million shares, reported previously. With 123,300 shares average volume, it will take short sellers 43 days to cover their EROS’s short positions. The short interest to Eros International Plc’s float is 25.47%. The stock closed at $15.7 during the last session. It is down 25.10% since April 25, 2016 and is uptrending. It has outperformed by 19.09% the S&P500.

Eros International Plc is a holding company, which serves the Indian film entertainment industry. The company has a market cap of $923.94 million. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It currently has negative earnings. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.

Eros International plc (NYSE:EROS) Ratings Coverage

Out of 3 analysts covering Eros International (NYSE:EROS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Eros International has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, February 18 the stock rating was maintained by Macquarie Research with “Outperform”. Jefferies maintained the stock with “Buy” rating in Wednesday, November 18 report. The stock of Eros International plc (NYSE:EROS) earned “Buy” rating by Jefferies on Wednesday, August 12.

More notable recent Eros International plc (NYSE:EROS) news were published by: Businesswire.com which released: “Eros Now Announces Distribution Partnership with Vodafone” on November 21, 2016, also Businesswire.com with their article: “Eros International Plc Reaffirms Successful Outcome of Audit Committee’s …” published on June 08, 2016, Businesswire.com published: “Eros International Plc Reports Second Quarter Fiscal Year 2017 Results” on November 11, 2016. More interesting news about Eros International plc (NYSE:EROS) were released by: Businesswire.com and their article: “Eros International Plc Reports Results for First Quarter FY 2017” published on September 09, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Eros International plc, 22.2% Follow-Through …” with publication date: November 11, 2016.

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By Nellie Frank


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