SAExploration Holdings, Inc. (SAEX) Forms $1.57 Double Bottom; Eros International Plc A Ordinary Shares (EROS) Shorts Up By 2.9%

May 18, 2018 - By Winifred Garcia

Eros International Plc (NYSE:EROS) Logo

Eros International Plc A Ordinary Shares (NYSE:EROS) had an increase of 2.9% in short interest. EROS’s SI was 12.66 million shares in May as released by FINRA. Its up 2.9% from 12.30 million shares previously. With 343,100 avg volume, 37 days are for Eros International Plc A Ordinary Shares (NYSE:EROS)’s short sellers to cover EROS’s short positions. The SI to Eros International Plc A Ordinary Shares’s float is 33.49%. The stock increased 3.75% or $0.45 during the last trading session, reaching $12.45. About 263,644 shares traded. Eros International Plc (NYSE:EROS) has risen 8.88% since May 18, 2017 and is uptrending. It has underperformed by 2.67% the S&P500.

SAExploration Holdings, Inc. (SAEX) formed double bottom with $1.46 target or 7.00% below today’s $1.57 share price. SAExploration Holdings, Inc. (SAEX) has $23.43M valuation. It closed at $1.57 lastly. It is down 77.04% since May 18, 2017 and is downtrending. It has underperformed by 88.59% the S&P500.

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company has market cap of $746.82 million. The firm distributes its film content through various distribution channels, such as theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary that includes music, inflight entertainment, home video, Internet protocol television, video on demand, and Internet channels, as well as Eros Now online entertainment service. It currently has negative earnings. It also distributes its film content through physical formats, such as DVDs and video compact discs in hotels and on airlines, as well as for use on mobile networks; and distributes and licenses content on physical media, including on Blu-ray discs, DVDs, and VCDs.

More important recent Eros International Plc (NYSE:EROS) news were published by: Seekingalpha.com which released: “Eros International: An Undervalued Stock Primed For Growth” on May 17, 2018, also Businesswire.com published article titled: “Eros Now Reaches 7.9 Million Paying Subscribers as of FYE 2018”, Businesswire.com published: “Eros International’s CFO, Prem Parameswaran, To Be Featured in TV ASIA Interview” on May 04, 2018. More interesting news about Eros International Plc (NYSE:EROS) was released by: Valuewalk.com and their article: “Nathanial August Short EROS – 2018 Sohn Conference Detailed Notes” with publication date: April 24, 2018.

Among 4 analysts covering Eros International (NYSE:EROS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Eros International had 9 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained the shares of EROS in report on Friday, July 28 with “Buy” rating. Jefferies maintained it with “Buy” rating and $17 target in Monday, October 9 report. Wells Fargo upgraded the stock to “Outperform” rating in Friday, December 9 report. The firm has “Outperform” rating given on Thursday, February 18 by Macquarie Research. As per Wednesday, August 12, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Buy” rating in Wednesday, November 18 report. The stock has “Buy” rating by Jefferies on Monday, June 5. As per Monday, September 11, the company rating was maintained by Jefferies.

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