The New Ireland Fund, Inc. (NYSE:IRL) Short Interest Up 125.0% in April

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The New Ireland Fund, Inc. (NYSE:IRLGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 1,800 shares, a growth of 125.0% from the April 15th total of 800 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.4 days.

IRL stock opened at $8.23 on Friday. The New Ireland Fund has a 12 month low of $8.12 and a 12 month high of $13.54. The firm has a 50-day moving average of $8.95 and a two-hundred day moving average of $10.65.

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in The New Ireland Fund by 2.2% in the 3rd quarter. Raymond James & Associates now owns 47,852 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 1,017 shares during the last quarter. CSS LLC IL increased its holdings in The New Ireland Fund by 1.6% in the 3rd quarter. CSS LLC IL now owns 129,593 shares of the financial services provider’s stock valued at $1,597,000 after purchasing an additional 2,000 shares during the last quarter. Wells Fargo & Company MN increased its holdings in The New Ireland Fund by 162.5% in the 4th quarter. Wells Fargo & Company MN now owns 8,186 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 5,068 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in The New Ireland Fund by 57.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 16,501 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 6,031 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in The New Ireland Fund in the 4th quarter valued at approximately $123,000. Institutional investors own 29.23% of the company’s stock.

About The New Ireland Fund (Get Rating)

The New Ireland Fund, Inc is a close-ended balanced mutual fund launched by Bank of Ireland Asset Management (U.S.) Limited. It is managed by Kleinwort Benson Investors International Ltd. The fund invests in the public equity and fixed income markets of the Ireland. It seeks to invest in growth stocks of companies operating across diversified sectors.

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