Short Interest in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Drops By 21.9%

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 100,400 shares, a decrease of 21.9% from the January 31st total of 128,500 shares. Based on an average daily volume of 199,500 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Large investors have recently made changes to their positions in the stock. Mirabella Financial Services LLP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at about $877,000. GAMMA Investing LLC grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in 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 last quarter. JPMorgan Chase & Co. grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 8,258 shares during the last quarter. Crocodile Capital Partners GmbH acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $541,000. Finally, BNP Paribas Financial Markets grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 12,071 shares during the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of IRS opened at $13.51 on Tuesday. The company has a 50-day simple moving average of $14.66 and a 200-day simple moving average of $13.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.01 billion, a PE ratio of -3.16 and a beta of 1.35. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $7.10 and a 52-week high of $17.67.

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

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.