Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Expands By 22.7%

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the target of a large growth in short interest in the month of 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. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 253,837 shares, the days-to-cover ratio is presently 0.8 days.

IRSA Inversiones Y Representaciones Price Performance

NYSE IRS traded up $0.13 during mid-day trading on Thursday, hitting $16.15. The stock had a trading volume of 99,029 shares, compared to its average volume of 186,249. IRSA Inversiones Y Representaciones has a 52-week low of $10.87 and a 52-week high of $19.14. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 3.49 and a beta of 1.51. The company has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $15.18. 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 (NYSE:IRS) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.58 earnings per share 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.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several hedge funds have recently bought and sold shares of the stock. Helikon Investments Ltd increased its position in IRSA Inversiones Y Representaciones by 21.0% during the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock worth $68,517,000 after buying an additional 718,512 shares in the last quarter. VR Advisory Services Ltd increased its position in IRSA Inversiones Y Representaciones by 0.5% during the fourth quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock worth $44,163,000 after buying an additional 13,926 shares in the last quarter. JPMorgan Chase & Co. increased its position in IRSA Inversiones Y Representaciones by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock worth $15,280,000 after buying an additional 6,969 shares in the last quarter. BNP Paribas Financial Markets increased its position in IRSA Inversiones Y Representaciones by 19.3% during the fourth quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after buying an additional 97,089 shares in the last quarter. Finally, Millennium Management LLC increased its position in IRSA Inversiones Y Representaciones by 9.1% during the third quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock worth $4,575,000 after buying an additional 32,180 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

IRS has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. Itau BBA Securities raised IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. Finally, Wall Street Zen cut IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.