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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 323,479 shares, a drop of 29.5% from the December 15th total of 459,062 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 139,215 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 139,215 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.6% of the shares of the stock are short sold.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE:IRS traded up $0.17 during midday trading on Friday, reaching $16.75. The company’s stock had a trading volume of 125,196 shares, compared to its average volume of 114,721. The business’s fifty day simple moving average is $15.78 and its 200-day simple moving average is $14.53. 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 fifty-two week low of $10.61 and a fifty-two week high of $17.21. The company has a market capitalization of $1.30 billion, a P/E ratio of 3.37 and a beta of 1.49.

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

IRSA Inversiones Y Representaciones Dividend Announcement

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

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

A number of institutional investors and hedge funds have recently made changes to their positions in IRS. Helikon Investments Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 44.6% in the third quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock valued at $40,540,000 after acquiring an additional 1,056,796 shares during the last quarter. JPMorgan Chase & Co. lifted its position in IRSA Inversiones Y Representaciones by 170.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after purchasing an additional 577,280 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of IRSA Inversiones Y Representaciones by 202.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock valued at $5,971,000 after purchasing an additional 337,570 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of IRSA Inversiones Y Representaciones by 721.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock worth $2,196,000 after buying an additional 162,913 shares during the last quarter. Institutional investors own 45.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on IRS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Wednesday, October 8th. Wall Street Zen raised shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.