IES Holdings, Inc. (NASDAQ:IESC) Short Interest Update

IES Holdings, Inc. (NASDAQ:IESC) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 444,400 shares, an increase of 11.9% from the December 15th total of 397,200 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily volume of 167,200 shares, the days-to-cover ratio is currently 2.7 days.

Insider Activity at IES

In other news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the sale, the chief financial officer now owns 71,177 shares of the company’s stock, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 in the last three months. 56.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IES

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in shares of IES in the third quarter valued at $44,000. Federated Hermes Inc. grew its stake in IES by 258.7% in the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after acquiring an additional 194 shares during the last quarter. City State Bank purchased a new position in IES during the 4th quarter valued at about $106,000. CWM LLC raised its position in IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of IES by 159.5% in the third quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after purchasing an additional 472 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

IES Price Performance

Shares of IESC stock traded up $1.27 during midday trading on Friday, reaching $256.69. 98,563 shares of the company traded hands, compared to its average volume of 165,093. The firm has a market cap of $5.14 billion, a PE ratio of 25.95 and a beta of 1.52. The firm’s 50 day simple moving average is $248.28 and its two-hundred day simple moving average is $205.04. IES has a 1-year low of $80.86 and a 1-year high of $320.08.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.