IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Short Interest Down 29.5% in December

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 323,479 shares, a decrease of 29.5% from the December 15th total of 459,062 shares. Based on an average trading volume of 139,215 shares, the short-interest ratio is currently 2.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 139,215 shares, the short-interest ratio is currently 2.3 days.

IRSA Inversiones Y Representaciones Trading Up 1.0%

IRS stock traded up $0.17 during mid-day trading on Monday, reaching $16.75. The company’s stock had a trading volume of 125,196 shares, compared to its average volume of 114,145. IRSA Inversiones Y Representaciones has a 12 month low of $10.61 and a 12 month high of $17.21. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average price is $15.81 and its 200 day moving average price is $14.54. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 3.37 and a beta of 1.49.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The firm had revenue of $93.69 million for 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 Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 24th were paid 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 28.17%.

Wall Street Analyst Weigh In

Several research firms have issued reports on IRS. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at about $4,209,000. Helikon Investments Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 65.7% in the second quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock worth $32,975,000 after acquiring an additional 938,706 shares in the last quarter. JPMorgan Chase & Co. grew its stake in IRSA Inversiones Y Representaciones by 200.7% in the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after acquiring an additional 226,617 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in IRSA Inversiones Y Representaciones in the second quarter valued at approximately $315,000. Finally, Bosun Asset Management LLC increased its holdings in shares of IRSA Inversiones Y Representaciones by 24.7% during the second quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock valued at $2,279,000 after acquiring an additional 32,406 shares in the last quarter. Institutional investors own 45.46% of the company’s stock.

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.