Eros International PLC (NYSE:EROS) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 11,577,162 shares, a growth of 14.6% from the July 14th total of 10,103,596 shares. Based on an average daily trading volume, of 856,814 shares, the days-to-cover ratio is presently 13.5 days. Currently, 42.6% of the company’s stock are sold short.

Several large investors have recently made changes to their positions in EROS. State Street Corp boosted its stake in shares of Eros International PLC by 7.1% in the second quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after buying an additional 34,838 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Eros International PLC by 4.5% in the second quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock worth $248,000 after buying an additional 930 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Eros International PLC by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after buying an additional 8,041 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Eros International PLC by 31.4% in the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after buying an additional 65,253 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Eros International PLC during the second quarter worth about $28,711,000. 72.39% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Eros International PLC from a “strong sell” rating to a “sell” rating in a research report on Friday. Wells Fargo & Company reissued an “outperform” rating on shares of Eros International PLC in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. TheStreet downgraded shares of Eros International PLC from a “c” rating to a “d+” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $15.00 target price (down previously from $18.00) on shares of Eros International PLC in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Eros International PLC currently has an average rating of “Hold” and a consensus price target of $14.33.

Shares of Eros International PLC (NYSE:EROS) opened at 9.15 on Friday. Eros International PLC has a 52-week low of $6.65 and a 52-week high of $18.85. The company has a market cap of $543.85 million, a P/E ratio of 179.41 and a beta of 0.49. The stock has a 50 day moving average of $10.13 and a 200 day moving average of $10.47.

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Eros International PLC Company Profile

Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.

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