IES Holdings, Inc. (NASDAQ:IESC) Short Interest Down 39.5% in December

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 397,200 shares, a decrease of 39.5% from the November 30th total of 656,100 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 161,300 shares, the days-to-cover ratio is currently 2.5 days.

IES Price Performance

IESC traded down $7.47 on Friday, hitting $210.52. 130,540 shares of the stock were exchanged, compared to its average volume of 142,471. IES has a 12 month low of $76.26 and a 12 month high of $320.08. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.29 and a beta of 1.45. The business has a 50-day moving average of $249.56 and a two-hundred day moving average of $194.93.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IES from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

Insider Activity

In other IES news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares of the company's stock, valued at $2,820,492,093. This represents a 0.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction 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 sale, the vice president now directly owns 18,286 shares of the company's stock, valued at $5,234,001.78. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock valued at $7,341,029 over the last ninety days. 59.19% of the stock is currently owned by company insiders.

Institutional Trading of IES

Several institutional investors and hedge funds have recently modified their holdings of IESC. Summit Partners Public Asset Management LLC boosted its holdings in shares of IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company's stock valued at $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after purchasing an additional 68,750 shares during the last quarter. FMR LLC grew its holdings in shares of IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company's stock worth $294,687,000 after purchasing an additional 65,145 shares during the last quarter. F M Investments LLC acquired a new position in shares of IES in the third quarter valued at approximately $10,887,000. Finally, Thrivent Financial for Lutherans bought a new position in IES in the 3rd quarter valued at approximately $10,426,000. 86.60% of the stock is currently owned by institutional investors.

About IES

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.