What Next for Eros International Plc A Ordinary Shares (NYSE:EROS) Stock After Decrease in Shorted Shares?

May 18, 2018 - By Mary Hughes

Eros International Plc (NYSE:EROS) Logo

The stock of Eros International Plc A Ordinary Shares (NYSE:EROS) registered a decrease of 4.51% in short interest. EROS’s total short interest was 11.80M shares in May as published by FINRA. Its down 4.51% from 12.35M shares, reported previously. With 286,400 shares average volume, it will take short sellers 41 days to cover their EROS’s short positions. The short interest to Eros International Plc A Ordinary Shares’s float is 31.21%.

The stock decreased 0.40% or $0.05 during the last trading session, reaching $12.4. About 25,839 shares traded. Eros International Plc (NYSE:EROS) has risen 8.88% since May 18, 2017 and is uptrending. It has underperformed by 2.67% the S&P500.

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company has market cap of $743.82 million. The firm distributes its film content through various distribution channels, such as 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 that includes music, inflight entertainment, home video, Internet protocol television, video on demand, and Internet channels, as well as Eros Now online entertainment service. It currently has negative earnings. It also distributes its film content through physical formats, such as DVDs and video compact discs in hotels and on airlines, as well as for use on mobile networks; and distributes and licenses content on physical media, including on Blu-ray discs, DVDs, and VCDs.

More important recent Eros International Plc (NYSE:EROS) news were published by: Businesswire.com which released: “Eros Now Reaches 7.9 Million Paying Subscribers as of FYE 2018” on May 09, 2018, also Businesswire.com published article titled: “Eros International’s CFO, Prem Parameswaran, To Be Featured in TV ASIA Interview”, Valuewalk.com published: “Nathanial August Short EROS – 2018 Sohn Conference Detailed Notes” on April 24, 2018. More interesting news about Eros International Plc (NYSE:EROS) was released by: Seekingalpha.com and their article: “Eros International: An Undervalued Stock Primed For Growth” with publication date: May 17, 2018.

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