IES Holdings, Inc. (NASDAQ:IESC) Short Interest Update

IES Holdings, Inc. (NASDAQ:IESC) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 106,700 shares, a decline of 20.7% from the August 15th total of 134,600 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is presently 2.7 days.

Shares of IESC stock traded up $0.08 on Tuesday, reaching $42.78. The company’s stock had a trading volume of 37,343 shares, compared to its average volume of 51,221. The company has a quick ratio of 1.22, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. IES has a 12-month low of $29.09 and a 12-month high of $56.24. The company has a market capitalization of $892.26 million, a P/E ratio of 15.76 and a beta of 1.29. The stock’s 50 day simple moving average is $48.97 and its 200-day simple moving average is $50.35.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Thursday, August 5th. The technology company reported $0.99 earnings per share (EPS) for the quarter. IES had a return on equity of 23.92% and a net margin of 4.25%. The company had revenue of $405.90 million for the quarter.

In other IES news, CEO Jeffrey L. Et Al Gendell sold 655 shares of the business’s stock in a transaction that occurred on Friday, July 30th. The stock was sold at an average price of $54.98, for a total transaction of $36,011.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 58.83% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. increased its stake in IES by 7,660.0% in the second quarter. Advisor Group Holdings Inc. now owns 776 shares of the technology company’s stock valued at $40,000 after acquiring an additional 766 shares during the last quarter. Royal Bank of Canada grew its stake in shares of IES by 232.3% during the second quarter. Royal Bank of Canada now owns 1,143 shares of the technology company’s stock valued at $58,000 after buying an additional 799 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of IES by 122.7% during the first quarter. Federated Hermes Inc. now owns 1,234 shares of the technology company’s stock valued at $62,000 after buying an additional 680 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of IES by 52.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,677 shares of the technology company’s stock valued at $135,000 after buying an additional 923 shares during the last quarter. Finally, Amundi bought a new position in shares of IES during the second quarter valued at about $160,000. 85.91% of the stock is currently owned by institutional investors and hedge funds.

IES Company Profile

IES Holdings, Inc engages in the ownership and management of operating subsidiaries in business activities across a variety of end-markets. It operates through the following segments: Communications, Residential, Commercial and Industrial and Infrastructure Solutions. The Communications segment provides technology infrastructure products and services to large corporations and independent businesses.

Further Reading: Risk Tolerance

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