IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Sees Large Increase in Short Interest

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 260,972 shares, a growth of 59.6% from the May 14th total of 163,484 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 168,026 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Trading Down 2.8%

Shares of IRS opened at $16.80 on Wednesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 4.85 and a beta of 1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. IRSA Inversiones Y Representaciones has a fifty-two week low of $10.87 and a fifty-two week high of $19.14. The firm has a 50 day moving average price of $15.11 and a 200-day moving average price of $15.55.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.The company had revenue of $104.67 million during the quarter.

Institutional Trading of IRSA Inversiones Y Representaciones

Several hedge funds and other institutional investors have recently made changes to their positions in IRS. Helikon Investments Ltd lifted its stake in shares of IRSA Inversiones Y Representaciones by 21.0% in the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock worth $68,517,000 after buying an additional 718,512 shares in the last quarter. VR Advisory Services Ltd grew its holdings in shares of IRSA Inversiones Y Representaciones by 0.5% during the fourth quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock valued at $44,163,000 after buying an additional 13,926 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of IRSA Inversiones Y Representaciones by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock valued at $15,280,000 after buying an additional 6,969 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of IRSA Inversiones Y Representaciones by 19.3% during the fourth quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock valued at $9,947,000 after buying an additional 97,089 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of IRSA Inversiones Y Representaciones by 9.1% during the third quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock valued at $4,575,000 after buying an additional 32,180 shares during the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

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.