IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Up 8.6% in September

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 149,700 shares, an increase of 8.6% from the August 31st total of 137,800 shares. Based on an average trading volume of 159,500 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Helikon Investments Ltd lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% in the 1st quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock valued at $11,853,000 after purchasing an additional 42,494 shares during the period. RFG Advisory LLC raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% during the 1st quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock worth $970,000 after buying an additional 37,598 shares during the period. Secure Asset Management LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth $771,000. Sanctuary Advisors LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth $473,000. Finally, Stokes Family Office LLC raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 11.2% during the 1st quarter. Stokes Family Office LLC now owns 44,805 shares of the financial services provider’s stock worth $419,000 after buying an additional 4,525 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th. StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 1.5 %

IRS traded up $0.17 during mid-day trading on Tuesday, reaching $11.55. The stock had a trading volume of 144,806 shares, compared to its average volume of 158,255. The stock has a market capitalization of $853.43 million, a P/E ratio of 18.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 0.52. The firm’s fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $9.97. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $5.73 and a 52 week high of $12.45.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The company had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 29.86% and a net margin of 5.40%.

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.