IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in IRSA Inversiones Y Representaciones by 170.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after acquiring an additional 577,280 shares during the period. Helikon Investments Ltd boosted its stake in IRSA Inversiones Y Representaciones by 44.6% during the third quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after acquiring an additional 1,056,796 shares in the last quarter. RWC Asset Management LLP purchased a new stake in IRSA Inversiones Y Representaciones in the fourth quarter worth about $2,577,000. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 97,089 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in shares of IRSA Inversiones Y Representaciones during the first quarter valued at approximately $648,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Stock Down 2.5%

Shares of IRS stock traded down $0.44 during midday trading on Tuesday, reaching $16.85. 36,906 shares of the stock were exchanged, compared to its average volume of 185,612. IRSA Inversiones Y Representaciones has a 1 year low of $10.87 and a 1 year high of $19.14. The company’s 50 day moving average is $15.10 and its two-hundred day moving average is $15.54. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.37 billion, a PE ratio of 4.87 and a beta of 1.31.

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

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.