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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 934,357 shares, an increase of 209.5% from the July 15th total of 301,923 shares. Based on an average daily volume of 176,832 shares, the short-interest ratio is presently 5.3 days. Currently, 1.5% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $23.00.

Insider Buying and Selling

In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 25.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp bought a new position in shares of IRSA Inversiones Y Representaciones during the 3rd quarter worth $25,000. FNY Investment Advisers LLC purchased a new position in shares of IRSA Inversiones Y Representaciones during the second quarter valued at $60,000. Abel Hall LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at about $165,000. Kestra Private Wealth Services LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter valued at about $170,000. Finally, Engineers Gate Manager LP purchased a new stake in IRSA Inversiones Y Representaciones in the second quarter worth about $148,000. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Trading Down 0.3%

IRS traded down $0.04 on Friday, reaching $14.72. 131,369 shares of the company traded hands, compared to its average volume of 151,557. The company has a market cap of $1.25 billion, a P/E ratio of 4.25 and a beta of 1.30. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. IRSA Inversiones Y Representaciones has a one year low of $10.87 and a one year high of $19.14. The firm has a fifty day simple moving average of $15.52 and a two-hundred day simple moving average of $15.40.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.The company had revenue of $104.67 million during the quarter.

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.