IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Short Interest Down 33.3% in January

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 209,010 shares, a decline of 33.3% from the January 15th total of 313,379 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 202,834 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 202,834 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors have recently bought and sold shares of IRS. Van ECK Associates Corp acquired a new stake in shares of IRSA Inversiones Y Representaciones in the third quarter worth $25,000. Engineers Gate Manager LP purchased a new stake in IRSA Inversiones Y Representaciones during the 2nd quarter worth $148,000. Brevan Howard Capital Management LP acquired a new stake in IRSA Inversiones Y Representaciones in the 3rd quarter valued at $130,000. Verition Fund Management LLC raised its position in IRSA Inversiones Y Representaciones by 23.2% in the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 3,148 shares during the period. Finally, Jane Street Group LLC purchased a new position in IRSA Inversiones Y Representaciones in the second quarter valued at about $249,000. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IRS. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. Wall Street Zen lowered IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Trading Up 0.5%

IRSA Inversiones Y Representaciones stock traded up $0.08 during midday trading on Friday, reaching $15.13. The stock had a trading volume of 144,906 shares, compared to its average volume of 193,724. The stock’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $14.78. IRSA Inversiones Y Representaciones has a twelve month low of $10.61 and a twelve month high of $19.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $1.17 billion, a PE ratio of 3.27 and a beta of 1.48.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.58 EPS for the quarter. The company had revenue of $106.26 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 24.98% and a net margin of 85.84%.

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.