IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sees Large Increase in Short Interest

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) 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. Based on an average daily volume of 161,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 1.0 %

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock traded up $0.13 during trading hours on Thursday, reaching $13.44. The stock had a trading volume of 16,510 shares, compared to its average volume of 163,677. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -3.15 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 1 year low of $7.92 and a 1 year high of $17.67. The firm has a 50 day simple moving average of $13.77 and a two-hundred day simple moving average of $14.13.

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

Several institutional investors have recently added to or reduced their stakes in IRS. BNP Paribas Financial Markets grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider's stock worth $1,120,000 after buying an additional 12,071 shares during the last quarter. Quadrature Capital Ltd bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth approximately $199,000. JPMorgan Chase & Co. lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock valued at $228,000 after buying an additional 8,258 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 1,288 shares in the last quarter. Finally, Systrade AG boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock worth $1,547,000 after buying an additional 3,601 shares in the last quarter. Institutional investors own 45.46% of the company's stock.

Analyst Ratings Changes

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 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.