Short Interest in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Increases By 46.5%

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 161,200 shares, a growth of 46.5% from the February 28th total of 110,000 shares. Based on an average daily trading volume, of 161,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,288 shares in the last quarter. JPMorgan Chase & Co. boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 8,258 shares during the last quarter. Crocodile Capital Partners GmbH purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at about $541,000. BNP Paribas Financial Markets raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 12,071 shares during the last quarter. Finally, Stokes Family Office LLC lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the 4th quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider’s stock worth $693,000 after purchasing an additional 1,611 shares in the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

NYSE:IRS traded down $0.36 during trading hours on Friday, reaching $13.14. The company had a trading volume of 64,592 shares, compared to its average volume of 164,957. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.92 and a 1-year high of $17.67. The business’s 50 day moving average price is $13.89 and its 200-day moving average price is $14.11. The firm has a market cap of $982.97 million, a PE ratio of -3.07 and a beta of 1.45.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its earnings results on Friday, February 7th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.