IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Sees Large Decline in Short Interest

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 459,062 shares, a decrease of 37.5% from the November 30th total of 734,627 shares. Based on an average daily volume of 144,233 shares, the short-interest ratio is presently 3.2 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 144,233 shares, the short-interest ratio is presently 3.2 days.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in IRSA Inversiones Y Representaciones by 1.9% in the 1st quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 1,027 shares during the period. Van ECK Associates Corp acquired a new position in shares of IRSA Inversiones Y Representaciones during the third quarter worth $25,000. Verition Fund Management LLC grew its stake in shares of IRSA Inversiones Y Representaciones by 23.2% in the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 3,148 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in IRSA Inversiones Y Representaciones by 42.7% in the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 6,390 shares during the period. Finally, Systrade AG raised its position in IRSA Inversiones Y Representaciones by 6.2% during the 2nd quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock worth $1,532,000 after purchasing an additional 6,399 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IRS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRS stock traded up $0.42 on Friday, hitting $16.09. 96,628 shares of the company’s stock were exchanged, compared to its average volume of 139,757. The company has a 50 day moving average of $14.99 and a 200 day moving average of $14.27. The stock has a market cap of $1.22 billion, a P/E ratio of 3.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52. IRSA Inversiones Y Representaciones has a 12 month low of $10.61 and a 12 month high of $17.21.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The firm had revenue of $93.69 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 27.35% and a net margin of 86.65%.

IRSA Inversiones Y Representaciones Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 24th were paid a $1.4151 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a dividend yield of 998.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio is currently 28.17%.

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.