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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a large increase in short interest in 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. Based on an average daily volume of 168,026 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in IRSA Inversiones Y Representaciones by 170.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after buying an additional 577,280 shares during the last quarter. Helikon Investments Ltd raised its holdings in IRSA Inversiones Y Representaciones by 44.6% in the 3rd quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock valued at $40,540,000 after buying an additional 1,056,796 shares during the last quarter. RWC Asset Management LLP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at about $2,577,000. BNP Paribas Financial Markets increased its stake in shares of IRSA Inversiones Y Representaciones by 19.3% in 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 buying an additional 97,089 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter valued at about $405,000. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Trading Down 1.3%

IRS opened at $16.59 on Thursday. The company’s 50 day moving average is $15.10 and its 200-day moving average is $15.56. IRSA Inversiones Y Representaciones has a 1-year low of $10.87 and a 1-year high of $19.14. 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 company has a market cap of $1.34 billion, a P/E ratio of 4.79 and a beta of 1.31.

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 (EPS) for the quarter. The business 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%.

Wall Street Analysts Forecast Growth

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

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.