Iris Energy Limited (NASDAQ:IREN – Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 6,910,000 shares, a growth of 5.2% from the July 31st total of 6,570,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,040,000 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On Iris Energy
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp increased its holdings in shares of Iris Energy by 3.2% in the second quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after purchasing an additional 1,575 shares during the last quarter. VitalStone Financial LLC raised its stake in Iris Energy by 373.9% in the first quarter. VitalStone Financial LLC now owns 13,980 shares of the company’s stock worth $71,000 after buying an additional 11,030 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in Iris Energy in the fourth quarter worth approximately $84,000. Jump Financial LLC increased its position in shares of Iris Energy by 33.1% during the fourth quarter. Jump Financial LLC now owns 49,400 shares of the company’s stock worth $353,000 after purchasing an additional 12,290 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Iris Energy during the second quarter worth $146,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.
Iris Energy Trading Down 12.8 %
Shares of IREN opened at $6.90 on Wednesday. The business’s fifty day simple moving average is $9.96 and its two-hundred day simple moving average is $7.92. Iris Energy has a 12 month low of $2.79 and a 12 month high of $15.75.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Iris Energy
Iris Energy Company Profile
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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