Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Increases By 209.5%

Key Points

• Short interest surged 209.5% to 934,357 shares as of July 31, up from 301,923 shares on July 15. The stock has a 5.3-day short-interest-to-cover ratio, with about 1.5% of shares sold short.
• Institutional investors and hedge funds own 45.46% of IRSA, with several firms—including Helikon Investments and BNP Paribas Financial Markets—increasing their positions. Meanwhile, CIO Jorge Alberto Cruces sold 24,913 shares at an average price of $1.53.
• IRSA shares recently traded at $14.80, below their 50-day and 200-day moving averages. Analysts maintain an average “Buy” rating with a $23.00 price target, compared with the stock’s 12-month range of $10.87 to $19.14.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 934,357 shares, an increase of 209.5% from the July 15th total of 301,923 shares. Based on an average daily volume of 176,832 shares, the days-to-cover ratio is currently 5.3 days. Approximately 1.5% of the shares of the company are short sold.

Insider Buying and Selling at IRSA Inversiones Y Representaciones

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 25.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Helikon Investments Ltd increased its holdings in shares of IRSA Inversiones Y Representaciones by 21.0% in the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider's stock valued at $68,517,000 after buying an additional 718,512 shares in the last quarter. VR Advisory Services Ltd boosted its stake in shares of IRSA Inversiones Y Representaciones by 0.5% during the 4th quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider's stock worth $44,163,000 after acquiring an additional 13,926 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IRSA Inversiones Y Representaciones by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider's stock worth $15,280,000 after acquiring an additional 6,969 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of IRSA Inversiones Y Representaciones by 19.3% in the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider's stock worth $9,947,000 after acquiring an additional 97,089 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of IRSA Inversiones Y Representaciones by 9.1% in the 3rd quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider's stock worth $4,575,000 after acquiring an additional 32,180 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Price Performance

NYSE IRS traded up $0.15 on Thursday, reaching $14.80. The company's stock had a trading volume of 150,795 shares, compared to its average volume of 171,474. IRSA Inversiones Y Representaciones has a twelve month low of $10.87 and a twelve month high of $19.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market cap of $1.25 billion, a PE ratio of 4.28 and a beta of 1.30. The firm's 50 day moving average is $15.54 and its two-hundred day moving average is $15.42.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.The business had revenue of $104.67 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $23.00.

IRSA Inversiones Y Representaciones Company Profile

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.

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