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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a large growth in short interest in the month of 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. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 168,026 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in IRSA Inversiones Y Representaciones by 67.5% during the 4th quarter. Van ECK Associates Corp now owns 3,511 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,415 shares during the last quarter. Crocodile Capital Partners GmbH increased its stake in shares of IRSA Inversiones Y Representaciones by 8.0% during the fourth quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider’s stock valued at $647,000 after buying an additional 2,890 shares during the period. Verition Fund Management LLC increased its stake in shares of IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the period. Ping Capital Management Inc. raised its holdings in shares of IRSA Inversiones Y Representaciones by 3.7% during the fourth quarter. Ping Capital Management Inc. now owns 96,648 shares of the financial services provider’s stock valued at $1,599,000 after acquiring an additional 3,448 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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 acquiring an additional 6,969 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Trading Down 2.5%

IRS traded down $0.44 during trading on Tuesday, hitting $16.85. 36,906 shares of the stock traded hands, compared to its average volume of 185,612. The firm has a market capitalization of $1.37 billion, a P/E ratio of 4.87 and a beta of 1.31. IRSA Inversiones Y Representaciones has a 12-month low of $10.87 and a 12-month high of $19.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a 50-day moving average of $15.10 and a 200 day moving average of $15.54.

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

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.