Could Eros International Plc (NYSE:EROS) See a Reversal After More Sellers Came In?

September 17, 2017 - By Louis Casey

 Could Eros International Plc (NYSE:EROS) See a Reversal After More Sellers Came In?

The stock of Eros International Plc (NYSE:EROS) registered an increase of 6.35% in short interest. EROS’s total short interest was 13.08M shares in September as published by FINRA. Its up 6.35% from 12.30M shares, reported previously. With 887,900 shares average volume, it will take short sellers 15 days to cover their EROS’s short positions.

The stock decreased 0.38% or $0.05 on September 15, reaching $13.25. About 1.24M shares traded or 20.39% up from the average. Eros International plc (NYSE:EROS) has declined 18.90% since September 17, 2016 and is downtrending. It has underperformed by 35.60% the S&P500.

Eros International Plc is a holding company, which serves the Indian film entertainment industry. The company has market cap of $804.26 million. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It has a 230.23 P/E ratio. 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.

Eros International plc (NYSE:EROS) Ratings Coverage

Among 4 analysts covering Eros International (NYSE:EROS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Eros International had 8 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 11 by Jefferies. The stock of Eros International plc (NYSE:EROS) earned “Outperform” rating by Wells Fargo on Friday, December 9. Jefferies maintained the stock with “Buy” rating in Wednesday, November 18 report. The stock has “Buy” rating by Jefferies on Wednesday, August 12. As per Thursday, February 18, the company rating was maintained by Macquarie Research. The company was maintained on Friday, July 28 by Jefferies. Jefferies maintained the shares of EROS in report on Monday, June 5 with “Buy” rating.

More recent Eros International plc (NYSE:EROS) news were published by: Nasdaq.com which released: “Is the Options Market Predicting a Spike in Eros International (EROS) Stock?” on September 15, 2017. Also Seekingalpha.com published the news titled: “Eros International: New Receivables Accounting Red Flags” on August 24, 2017. Seekingalpha.com‘s news article titled: “Eros, Micromax offering content-filled tablet to India” with publication date: August 30, 2017 was also an interesting one.

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