IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Update

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 13,600 shares, a drop of 71.7% from the December 15th total of 48,100 shares. Based on an average daily volume of 40,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Shares of NYSE IRS traded down $0.05 on Friday, reaching $4.04. 36,827 shares of the company’s stock traded hands, compared to its average volume of 36,699. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $3.48 and a 12 month high of $5.17. The business’s 50 day simple moving average is $4.33 and its two-hundred day simple moving average is $4.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.77 and a quick ratio of 0.77.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its earnings results on Wednesday, November 10th. The financial services provider reported ($0.09) earnings per share for the quarter. The business had revenue of $45.10 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 54.3% during the second quarter. Morgan Stanley now owns 11,466 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 4,037 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $47,000. Parametric Portfolio Associates LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at approximately $56,000. Squarepoint Ops LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at approximately $59,000. Finally, Millennium Management LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth approximately $95,000. 15.98% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones SA engages in the real estate business. It operates through the Operations Center in Argentina and Operations Center in Israel segments. The Operations Center in Argentina segment operates in the following segments: shopping malls, offices and others, sales and developments, hotels, international, and financial operations, corporate and others.

Read More: How does quantitative easing work?

Receive News & Ratings for IRSA Inversiones y Representaciones Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IRSA Inversiones y Representaciones Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.