Iris Energy Limited (NASDAQ:IREN – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 10,700,000 shares, an increase of 15.1% from the September 30th total of 9,300,000 shares. Based on an average daily trading volume, of 14,130,000 shares, the short-interest ratio is presently 0.8 days. Approximately 6.2% of the shares of the company are short sold.
Iris Energy Stock Down 7.2 %
Iris Energy stock traded down $0.74 during trading hours on Thursday, hitting $9.58. 4,044,446 shares of the company traded hands, compared to its average volume of 12,923,612. The firm’s 50-day simple moving average is $8.23 and its two-hundred day simple moving average is $8.69. Iris Energy has a 1-year low of $2.79 and a 1-year high of $15.75.
Institutional Investors Weigh In On Iris Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IREN. VitalStone Financial LLC lifted its stake in Iris Energy by 373.9% during the first quarter. VitalStone Financial LLC now owns 13,980 shares of the company’s stock valued at $71,000 after purchasing an additional 11,030 shares during the last quarter. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Iris Energy during the third quarter worth $77,000. Sippican Capital Advisors purchased a new stake in shares of Iris Energy during the third quarter valued at $94,000. Bluefin Capital Management LLC acquired a new position in shares of Iris Energy in the 2nd quarter valued at $113,000. Finally, PEAK6 Investments LLC purchased a new position in Iris Energy in the 1st quarter worth about $133,000. Institutional investors own 41.08% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest 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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