IREN Limited (NASDAQ:IREN) Short Interest Update

IREN Limited (NASDAQ:IREN) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 40,943,853 shares, a drop of 20.4% from the January 15th total of 51,455,706 shares. Based on an average daily volume of 48,332,813 shares, the short-interest ratio is presently 0.8 days. Currently, 15.2% of the company’s stock are short sold. Currently, 15.2% of the company’s stock are short sold. Based on an average daily volume of 48,332,813 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IREN. Macquarie Infrastructure lifted their price target on shares of IREN to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Citigroup started coverage on IREN in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of IREN in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $70.00 price target on shares of IREN in a research report on Tuesday, February 10th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, IREN presently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Hedge Funds Weigh In On IREN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IREN. Global Retirement Partners LLC bought a new position in shares of IREN in the third quarter valued at about $25,000. Miller Wealth Advisors LLC grew its stake in IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after buying an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new position in IREN in the 4th quarter valued at about $26,000. Clearstead Trust LLC bought a new position in IREN in the 4th quarter valued at about $27,000. Finally, Aventura Private Wealth LLC acquired a new stake in IREN during the fourth quarter worth approximately $28,000. 41.08% of the stock is owned by institutional investors.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: B. Riley raised its price target from $74 to $83 and kept a Buy rating, citing improved adjusted EBITDA and bullish outlook on IREN’s AI/data‑center opportunity. This upgrade adds upside analyst momentum. B. Riley Keeps a Buy Rating on IREN Limited
• Positive Sentiment: IREN appointed John Gross as Chief Innovation Officer to lead thermal architecture and engineering standards for high‑density, liquid‑cooled data centers — a move that strengthens technical capability as AI workloads intensify. IREN Appoints John Gross as Chief Innovation Officer
• Positive Sentiment: Analyst commentary (Seeking Alpha) argues investors should look past the post‑earnings pullback because AI cloud revenue is accelerating (Q2 AI services up sharply) and management reaffirmed a $3.4B ARR target, supporting a longer‑term growth case. IREN Investors: Look Beyond That $3.4B Target
• Neutral Sentiment: A Seeking Alpha piece frames IREN as “crypto pain, AI gain,” highlighting the company’s pivot toward AI cloud services while noting transitional challenges from prior Bitcoin exposure; this frames the story as strategic repositioning rather than an immediate catalyst. IREN: Crypto Pain, AI Gain
• Neutral Sentiment: Zacks’ comparison with MicroStrategy (MSTR) highlights that Strategy’s expanding Bitcoin holdings and lower valuation give it an edge today, implying relative performance risk for IREN while it executes its AI pivot. IREN vs. MSTR: Which Bitcoin-Focused Stock is a Buy Right Now?
• Negative Sentiment: Recent earnings (Feb 5) showed an EPS miss and revenue below estimates, with quarterly revenue down y/y — a core near‑term driver of the post‑earnings sell‑off that continues to pressure the stock. IREN Price Performance / Earnings Summary
• Negative Sentiment: Insider activity and institutional flows are mixed but notable: QuiverQuant flags large insider sales by both co‑CEOs and uneven hedge‑fund moves, which can undermine sentiment and increase volatility. IREN Limited Appoints John Gross as Chief Innovation Officer

IREN Stock Performance

IREN stock traded down $1.25 during midday trading on Tuesday, reaching $40.97. 23,444,599 shares of the company’s stock were exchanged, compared to its average volume of 45,517,344. The stock’s 50-day simple moving average is $46.08 and its 200 day simple moving average is $44.03. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 30.80 and a beta of 4.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. IREN has a 52 week low of $5.13 and a 52 week high of $76.87.

IREN (NASDAQ:IREN) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The business had revenue of $184.69 million during the quarter, compared to the consensus estimate of $229.64 million. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, analysts expect that IREN will post 0.43 earnings per share for the current fiscal year.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.