Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Declines By 37.5%

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 459,062 shares, a decrease of 37.5% from the November 30th total of 734,627 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 144,233 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 144,233 shares, the short-interest ratio is currently 3.2 days. Approximately 0.8% of the company’s stock are short sold.

Analysts Set New Price Targets

IRS has been the topic of a number of research analyst reports. Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IRSA Inversiones Y Representaciones by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider’s stock worth $11,164,000 after buying an additional 72,738 shares during the last quarter. Helikon Investments Ltd raised its stake in shares of IRSA Inversiones Y Representaciones by 65.7% in the 2nd quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock valued at $32,975,000 after acquiring an additional 938,706 shares in the last quarter. Invesco Ltd. lifted its holdings in IRSA Inversiones Y Representaciones by 1.9% in the 1st quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 1,027 shares during the last quarter. Systrade AG boosted its position in IRSA Inversiones Y Representaciones by 6.2% during the second quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock worth $1,532,000 after purchasing an additional 6,399 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in IRSA Inversiones Y Representaciones by 42.7% during the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 6,390 shares during the last quarter. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Stock Up 2.3%

NYSE IRS traded up $0.36 on Monday, reaching $16.39. The stock had a trading volume of 121,242 shares, compared to its average volume of 139,480. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30. IRSA Inversiones Y Representaciones has a 1 year low of $10.61 and a 1 year high of $17.21. The business has a 50 day moving average price of $15.09 and a 200 day moving average price of $14.28. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 3.30 and a beta of 1.49.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The business had revenue of $93.69 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 27.35% and a net margin of 86.65%.

IRSA Inversiones Y Representaciones Announces Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 24th were given a $1.4151 dividend. This represents a yield of 998.0%. The ex-dividend date of this dividend was Monday, November 24th. IRSA Inversiones Y Representaciones’s payout ratio is currently 27.97%.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.