Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Rises By 209.5%

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 934,357 shares, a growth of 209.5% from the July 15th total of 301,923 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 176,832 shares, the days-to-cover ratio is currently 5.3 days.

IRSA Inversiones Y Representaciones Stock Up 1.1%

Shares of IRS stock traded up $0.15 during trading on Thursday, hitting $14.80. 150,795 shares of the company were exchanged, compared to its average volume of 171,474. The business’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.42. IRSA Inversiones Y Representaciones has a twelve month low of $10.87 and a twelve month high of $19.14. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 4.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94.

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 for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The company had revenue of $104.67 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, IRSA Inversiones Y Representaciones presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Insiders Place Their Bets

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total transaction of $38,116.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 25.06% of the company’s stock.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds have recently modified their holdings of IRS. Van ECK Associates Corp purchased a new stake in shares of IRSA Inversiones Y Representaciones during the third quarter worth $25,000. FNY Investment Advisers LLC acquired a new stake in IRSA Inversiones Y Representaciones during the second quarter valued at $60,000. Abel Hall LLC purchased a new position in IRSA Inversiones Y Representaciones in the fourth quarter valued at about $165,000. Kestra Private Wealth Services LLC purchased a new position in IRSA Inversiones Y Representaciones in the first quarter valued at about $170,000. Finally, Engineers Gate Manager LP acquired a new position in IRSA Inversiones Y Representaciones in the 2nd quarter worth about $148,000. 45.46% of the stock is owned by institutional investors and hedge funds.

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.