IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Short Interest Up 31.1% in May

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 208,000 shares, a growth of 31.1% from the May 15th total of 158,600 shares. Based on an average daily volume of 141,900 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 4th quarter worth about $154,000. GAMMA Investing LLC increased its holdings in IRSA Inversiones Y Representaciones by 1,209.7% in the 1st quarter. GAMMA Investing LLC now owns 61,636 shares of the financial services provider's stock worth $795,000 after acquiring an additional 56,930 shares during the last quarter. Tidal Investments LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 4th quarter worth about $388,000. JPMorgan Chase & Co. increased its holdings in IRSA Inversiones Y Representaciones by 379.9% in the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after acquiring an additional 76,035 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in IRSA Inversiones Y Representaciones in the 4th quarter worth about $7,783,000. Hedge funds and other institutional investors own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Stock Performance

Shares of NYSE IRS traded up $0.20 during mid-day trading on Friday, reaching $13.94. 99,047 shares of the company's stock were exchanged, compared to its average volume of 160,541. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.83 and a beta of 1.46. IRSA Inversiones Y Representaciones has a 52 week low of $7.92 and a 52 week high of $17.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $14.46.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%. The company had revenue of $117.45 million during the quarter.

IRSA Inversiones Y Representaciones 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.