Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Decreases By 37.5%

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 459,062 shares, a drop of 37.5% from the November 30th total of 734,627 shares. Based on an average trading volume of 144,233 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 144,233 shares, the days-to-cover ratio is presently 3.2 days.

IRSA Inversiones Y Representaciones Stock Up 2.6%

Shares of NYSE:IRS traded up $0.42 during trading on Friday, reaching $16.09. 96,628 shares of the stock were exchanged, compared to its average volume of 139,757. IRSA Inversiones Y Representaciones has a 1-year low of $10.61 and a 1-year high of $17.21. The stock has a fifty day moving average of $14.99 and a two-hundred day moving average of $14.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 3.24 and a beta of 1.49.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%. The business had revenue of $93.69 million during the quarter.

IRSA Inversiones Y Representaciones Announces Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 24th were issued a $1.4151 dividend. This represents a dividend yield of 998.0%. The ex-dividend date was Monday, November 24th. IRSA Inversiones Y Representaciones’s dividend payout ratio is currently 28.17%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds have recently added to or reduced their stakes in IRS. Helikon Investments Ltd raised its stake in shares of IRSA Inversiones Y Representaciones by 65.7% during the 2nd quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock worth $32,975,000 after purchasing an additional 938,706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in IRSA Inversiones Y Representaciones by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider’s stock valued at $11,164,000 after buying an additional 72,738 shares during the period. Invesco Ltd. increased its holdings in IRSA Inversiones Y Representaciones by 1.9% during the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider’s stock worth $694,000 after buying an additional 1,027 shares during the last quarter. Systrade AG increased its holdings in IRSA Inversiones Y Representaciones by 6.2% during the second quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 6,399 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in IRSA Inversiones Y Representaciones by 42.7% in the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 6,390 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on IRS. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IRSA Inversiones Y Representaciones has a consensus rating of “Hold”.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.