IES Holdings Inc (NASDAQ:IESC) Short Interest Update

IES Holdings Inc (NASDAQ:IESC) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 176,500 shares, an increase of 9.6% from the May 30th total of 161,100 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 26,500 shares, the days-to-cover ratio is presently 6.7 days.

Separately, BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday.

Shares of NASDAQ:IESC traded up $0.08 on Monday, hitting $18.55. 12,100 shares of the company traded hands, compared to its average volume of 23,928. IES has a 52 week low of $14.61 and a 52 week high of $20.25. The company has a current ratio of 1.62, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $18.45. The company has a market capitalization of $394.68 million, a P/E ratio of 11.13 and a beta of 0.60.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.38 earnings per share for the quarter. IES had a return on equity of 15.92% and a net margin of 2.63%. The firm had revenue of $256.90 million during the quarter.

In other news, CEO Gary S. Matthews acquired 1,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $16.90 per share, for a total transaction of $25,350.00. Following the completion of the acquisition, the chief executive officer now owns 261,500 shares in the company, valued at $4,419,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 60.80% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Deutsche Bank AG increased its holdings in shares of IES by 7.1% during the fourth quarter. Deutsche Bank AG now owns 18,441 shares of the technology company’s stock valued at $284,000 after acquiring an additional 1,221 shares in the last quarter. AltraVue Capital LLC increased its holdings in shares of IES by 0.5% during the first quarter. AltraVue Capital LLC now owns 301,606 shares of the technology company’s stock valued at $5,359,000 after acquiring an additional 1,390 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of IES by 48.3% during the fourth quarter. Bank of America Corp DE now owns 6,362 shares of the technology company’s stock valued at $99,000 after acquiring an additional 2,071 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of IES by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 96,089 shares of the technology company’s stock valued at $1,494,000 after acquiring an additional 2,715 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of IES by 156.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,743 shares of the technology company’s stock valued at $280,000 after acquiring an additional 9,603 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

About IES

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

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