IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sees Significant Growth in Short Interest

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 149,700 shares, an increase of 8.6% from the August 31st total of 137,800 shares. Based on an average daily trading volume, of 159,500 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently modified their holdings of the company. RFG Advisory LLC grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% during the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 37,598 shares during the last quarter. Helikon Investments Ltd grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% during the first quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock valued at $11,853,000 after acquiring an additional 42,494 shares during the last quarter. Stokes Family Office LLC grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 11.2% during the first quarter. Stokes Family Office LLC now owns 44,805 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 4,525 shares during the last quarter. Deuterium Capital Management LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $96,000. Finally, Advisors Preferred LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $94,000. 45.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on IRS. StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

NYSE:IRS traded down $0.15 during trading hours on Tuesday, hitting $11.23. The stock had a trading volume of 2,928 shares, compared to its average volume of 157,504. The company has a 50 day simple moving average of $10.48 and a two-hundred day simple moving average of $9.95. The firm has a market capitalization of $829.78 million, a price-to-earnings ratio of 18.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.52 and a quick ratio of 0.52. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $5.73 and a one year high of $12.45.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 EPS for the quarter. The firm had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 29.86%.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.