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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) saw a significant decrease in short interest during 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 days-to-cover ratio is currently 0.5 days.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRSA Inversiones y Representaciones Sociedad Anónima stock traded up $0.26 during mid-day trading on Friday, hitting $13.37. The company had a trading volume of 59,534 shares, compared to its average volume of 169,064. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -3.13 and a beta of 1.35. The company's fifty day moving average is $14.53 and its 200-day moving average is $13.77. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $7.10 and a 12-month high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) 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%.

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Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,288 shares in the last quarter. Stokes Family Office LLC raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the 4th quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock worth $693,000 after buying an additional 1,611 shares during the period. Glenorchy Capital Ltd lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% during the 4th quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock valued at $656,000 after buying an additional 2,262 shares in the last quarter. Systrade AG grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the 4th quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock valued at $1,547,000 after acquiring an additional 3,601 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth $72,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note 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.