Iren SpA (OTCMKTS:IRDEY) Sees Large Growth in Short Interest

Iren SpA (OTCMKTS:IRDEY) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 71 shares, an increase of 688.9% from the October 15th total of 9 shares. Based on an average daily volume of 15 shares, the days-to-cover ratio is presently 4.7 days.

Iren Price Performance

Iren stock opened at $28.95 on Wednesday. Iren has a 52 week low of $28.95 and a 52 week high of $33.50. The stock has a 50-day moving average price of $28.95 and a 200 day moving average price of $29.80.

About Iren

Iren S.p.A. is an Italian multi-utility company providing energy, water and environmental services. Its activities include electricity generation and supply, natural gas distribution and sales, and district heating. The company also provides integrated water services, including water supply and wastewater treatment, as well as waste collection, treatment and disposal. Its operations are concentrated in northern Italy, with services extending to other parts of the country. Iren was formed in 2010 through the merger of Iride and Enìa, combining utility businesses with roots in several Italian cities and regions.