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

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 726,400 shares, an increase of 22.0% from the March 31st total of 595,400 shares. Based on an average trading volume of 223,600 shares, the short-interest ratio is currently 3.2 days. Approximately 3.8% of the company's stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. J.Safra Asset Management Corp raised its stake in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after buying an additional 50 shares during the period. Smithfield Trust Co purchased a new stake in IES in the 4th quarter worth about $34,000. Catalyst Capital Advisors LLC bought a new stake in IES in the 1st quarter valued at about $36,000. National Bank of Canada FI purchased a new stake in IES during the fourth quarter valued at about $54,000. Finally, Harbour Investments Inc. bought a new position in IES during the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

IES Trading Up 12.6 %

Shares of NASDAQ:IESC traded up $26.57 during mid-day trading on Friday, hitting $238.23. 319,619 shares of the company traded hands, compared to its average volume of 178,125. IES has a 12-month low of $124.55 and a 12-month high of $320.09. The stock has a market cap of $4.77 billion, a P/E ratio of 22.18 and a beta of 1.57. The stock has a 50-day moving average price of $180.81 and a two-hundred day moving average price of $219.27.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The firm had revenue of $834.00 million during the quarter.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.

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