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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 197,372 shares, a growth of 22.7% from the March 15th total of 160,860 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 253,837 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IRS. Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research report on Friday, January 30th. Wall Street Zen cut shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. One equities research 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.com, the company presently has an average rating of “Buy” and an average target price of $23.00.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Hedge funds have recently modified their holdings of the stock. Verde Servicos Internacionais S.A. purchased a new stake in IRSA Inversiones Y Representaciones in the first quarter valued at approximately $648,000. Invesco Ltd. raised its stake in IRSA Inversiones Y Representaciones by 17.9% during the fourth quarter. Invesco Ltd. now owns 64,575 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 9,812 shares during the period. XTX Topco Ltd acquired a new position in shares of IRSA Inversiones Y Representaciones in the 4th quarter valued at $283,000. VR Advisory Services Ltd boosted its holdings in shares of IRSA Inversiones Y Representaciones by 0.5% in the 4th quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock valued at $44,163,000 after purchasing an additional 13,926 shares during the last quarter. Finally, Abel Hall LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 4th quarter valued at $165,000. 45.46% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones Y Representaciones Trading Down 0.8%

Shares of IRS stock traded down $0.13 during mid-day trading on Friday, hitting $16.03. 119,212 shares of the company’s stock were exchanged, compared to its average volume of 190,662. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 3.46 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.44. IRSA Inversiones Y Representaciones has a fifty-two week low of $10.87 and a fifty-two week high of $19.14. The stock has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $15.22.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Wednesday, February 25th. The financial services provider reported $0.58 EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 25.51% and a net margin of 85.84%.The firm had revenue of $105.18 million during the quarter.

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.