IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sees Significant Growth in Short Interest

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,288 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $72,000. Jane Street Group LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth approximately $154,000. XTX Topco Ltd purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $196,000. Finally, Quadrature Capital Ltd purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth $199,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRS stock traded up $0.16 during trading hours on Tuesday, hitting $13.06. 46,707 shares of the company’s stock were exchanged, compared to its average volume of 164,234. The company has a market capitalization of $989.18 million, a PE ratio of -3.05 and a beta of 1.45. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $7.92 and a 12-month high of $17.67. The business’s 50 day simple moving average is $13.86 and its 200-day simple moving average is $14.13.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its earnings results on Friday, February 7th. The financial services provider reported $0.92 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%.

Analyst Ratings Changes

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

About IRSA Inversiones y Representaciones Sociedad Anónima

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.