IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Update

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 166,600 shares, a growth of 52.3% from the May 15th total of 109,400 shares. Based on an average daily trading volume, of 165,700 shares, the days-to-cover ratio is currently 1.0 days.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 1.3 %

IRS stock traded down $0.13 during mid-day trading on Friday, reaching $9.89. 173,025 shares of the stock traded hands, compared to its average volume of 125,642. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $5.73 and a 52-week high of $11.67. The company has a market cap of $730.77 million, a P/E ratio of 15.67 and a beta of 1.40. The stock’s fifty day moving average is $10.18 and its 200-day moving average is $9.09.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter. The business had revenue of $71.62 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 8.94% and a return on equity of 29.02%.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, June 11th. Investors of record on Monday, June 3rd were given a dividend of $0.6303 per share. The ex-dividend date was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is presently 99.80%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $38,000. Jump Financial LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $81,000. Advisors Preferred LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $94,000. Finally, Deuterium Capital Management LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $96,000. Institutional investors own 45.46% of the company’s stock.

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.