IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Up 46.5% in March

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRSA Inversiones y Representaciones Sociedad Anónima stock traded down $0.31 during mid-day trading on Monday, reaching $12.92. 99,193 shares of the company were exchanged, compared to its average volume of 164,696. The firm has a market cap of $966.80 million, a PE ratio of -3.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day simple moving average is $13.86 and its two-hundred day simple moving average is $14.13. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.92 and a twelve month high of $17.67.

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%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 115.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider’s stock valued at $11,835,000 after buying an additional 424,052 shares during the period. Brevan Howard Capital Management LP purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $7,783,000. Bosun Asset Management LLC boosted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 59.0% in the 4th quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider’s stock worth $2,691,000 after buying an additional 66,890 shares during the last quarter. Systrade AG grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 3,601 shares during the period. Finally, BNP Paribas Financial Markets increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the third quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 12,071 shares during the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 Company Profile

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.