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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 158,600 shares, a drop 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 trading volume of 133,800 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IRS. Invesco Ltd. grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 1.9% in the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock worth $694,000 after acquiring an additional 1,027 shares during the last quarter. Stokes Family Office LLC grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock worth $693,000 after acquiring an additional 1,611 shares during the last quarter. Glenorchy Capital Ltd grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% in the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock worth $656,000 after acquiring an additional 2,262 shares during the last quarter. Ridgewood Investments LLC grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 810.8% in the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $72,000. Institutional investors and hedge funds own 45.46% of the company's stock.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRS stock traded up $0.04 during midday trading on Monday, hitting $15.14. 63,477 shares of the company traded hands, compared to its average volume of 160,198. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.92 and a twelve month high of $17.67. 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 simple moving average of $14.09 and a 200-day simple moving average of $14.64. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -3.55 and a beta of 1.43.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%. The company had revenue of $117.45 million for the quarter.

Analyst Upgrades and Downgrades

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

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.