Eros International plc (NYSE:EROS) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 6,698,300 shares, a decline of 14.8% from the June 30th total of 7,861,400 shares. Based on an average trading volume of 2,730,000 shares, the short-interest ratio is presently 2.5 days. Currently, 13.1% of the company’s stock are short sold.

EROS stock traded down $0.03 on Thursday, hitting $1.27. 3,294,983 shares of the company’s stock were exchanged, compared to its average volume of 1,380,898. Eros International has a 12-month low of $1.21 and a 12-month high of $13.45. The firm has a 50 day moving average price of $1.56 and a two-hundred day moving average price of $6.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $94.62 million, a P/E ratio of 6.57 and a beta of -0.03.

Eros International (NYSE:EROS) last announced its earnings results on Monday, July 15th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.24). Eros International had a positive return on equity of 1.35% and a negative net margin of 156.91%. The business had revenue of $69.75 million for the quarter.

A number of hedge funds have recently made changes to their positions in the stock. Shah Capital Management purchased a new stake in Eros International during the 2nd quarter valued at about $3,240,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Eros International during the 2nd quarter valued at about $124,000. US Bancorp DE purchased a new stake in Eros International during the 2nd quarter valued at about $80,000. Marshall Wace LLP purchased a new stake in Eros International during the 1st quarter valued at about $446,000. Finally, SG Americas Securities LLC purchased a new stake in Eros International during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 52.93% of the company’s stock.

Separately, Citigroup dropped their target price on Eros International from $13.00 to $6.50 and set a “buy” rating on the stock in a research note 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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