IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Down 35.3% in May

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 158,600 shares, a decline of 35.3% from the April 30th total of 245,200 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily trading volume, of 133,800 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Wall Street Zen cut IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ridgewood Investments LLC increased its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 810.8% during the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after purchasing an additional 4,200 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $72,000. Deuterium Capital Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth $136,000. Jane Street Group LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $154,000. Finally, XTX Topco Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth about $196,000. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 1.5%

Shares of IRS traded down $0.23 during mid-day trading on Wednesday, hitting $15.00. 154,675 shares of the company traded hands, compared to its average volume of 160,540. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $14.19 and a 200 day moving average of $14.65. The company has a market capitalization of $1.14 billion, a PE ratio of -3.51 and a beta of 1.43. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.92 and a 1-year high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 EPS for the quarter. The company had revenue of $117.45 million during 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%.

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.