IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Short Interest Up 209.5% in July

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 934,357 shares, a growth of 209.5% from the July 15th total of 301,923 shares. Based on an average daily trading volume, of 176,832 shares, the short-interest ratio is currently 5.3 days. Currently, 1.5% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Trading Down 0.3%

Shares of IRS stock traded down $0.04 during trading hours on Friday, hitting $14.72. 131,369 shares of the company’s stock traded hands, compared to its average volume of 151,557. The stock has a market cap of $1.25 billion, a PE ratio of 4.25 and a beta of 1.30. The stock’s 50 day simple moving average is $15.52 and its 200 day simple moving average is $15.40. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. IRSA Inversiones Y Representaciones has a 12 month low of $10.87 and a 12 month high of $19.14.

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

Insiders Place Their Bets

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total value of $38,116.89. The sale was disclosed in a document filed with the SEC, which is available at this link. 25.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp acquired a new stake in IRSA Inversiones Y Representaciones during the 3rd quarter valued at approximately $25,000. FNY Investment Advisers LLC acquired a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth approximately $60,000. Brevan Howard Capital Management LP bought a new stake in shares of IRSA Inversiones Y Representaciones in the 3rd quarter valued at $130,000. Engineers Gate Manager LP bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at $148,000. Finally, Abel Hall LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones during the fourth quarter worth $165,000. 45.46% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones Y Representaciones Company Profile

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.