Iris Energy Limited (NASDAQ:IREN – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 4,240,000 shares, a growth of 105.8% from the March 31st total of 2,060,000 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average trading volume of 10,110,000 shares, the days-to-cover ratio is currently 0.4 days.
Iris Energy Trading Down 1.7 %
IREN stock traded down $0.09 during trading on Friday, reaching $5.08. 4,530,705 shares of the company’s stock were exchanged, compared to its average volume of 9,924,260. Iris Energy has a 1-year low of $2.79 and a 1-year high of $9.69. The company’s fifty day moving average price is $5.45 and its 200-day moving average price is $5.03.
Iris Energy (NASDAQ:IREN – Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $42.57 million during the quarter, compared to the consensus estimate of $37.58 million. As a group, research analysts expect that Iris Energy will post 0.08 EPS for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
IREN has been the subject of a number of research analyst reports. B. Riley lowered their price target on Iris Energy from $10.00 to $9.50 and set a “buy” rating for the company in a report on Friday, March 15th. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Iris Energy in a report on Tuesday, April 2nd. Canaccord Genuity Group restated a “buy” rating and set a $9.00 price objective on shares of Iris Energy in a research note on Thursday, March 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Iris Energy in a research note on Thursday, March 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Iris Energy has a consensus rating of “Buy” and a consensus price target of $12.00.
Get Our Latest Stock Report on Iris Energy
Iris Energy Company Profile
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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