Iris Energy Limited (NASDAQ:IREN – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 10,700,000 shares, a growth of 15.1% from the September 30th total of 9,300,000 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 14,130,000 shares, the days-to-cover ratio is presently 0.8 days.
Iris Energy Trading Down 7.5 %
Iris Energy stock traded down $0.77 during mid-day trading on Thursday, hitting $9.55. 7,906,796 shares of the company’s stock traded hands, compared to its average volume of 12,939,895. The firm has a 50 day simple moving average of $8.23 and a two-hundred day simple moving average of $8.69. Iris Energy has a fifty-two week low of $2.79 and a fifty-two week high of $15.75.
Institutional Investors Weigh In On Iris Energy
A number of institutional investors have recently modified their holdings of IREN. Harvest Portfolios Group Inc. grew its stake in Iris Energy by 45.6% during the third quarter. Harvest Portfolios Group Inc. now owns 59,974 shares of the company’s stock worth $506,000 after purchasing an additional 18,796 shares during the period. Van ECK Associates Corp raised its stake in shares of Iris Energy by 56.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock valued at $13,938,000 after purchasing an additional 576,726 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of Iris Energy in the third quarter worth about $608,000. Chicago Partners Investment Group LLC boosted its position in shares of Iris Energy by 13.2% in the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock valued at $473,000 after acquiring an additional 6,347 shares during the period. Finally, Gladstone Institutional Advisory LLC bought a new stake in Iris Energy during the 3rd quarter worth approximately $345,000. Institutional investors own 41.08% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Iris Energy
About Iris Energy
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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