IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Update

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 212,600 shares, a growth of 27.6% from the May 31st total of 166,600 shares. Based on an average trading volume of 162,000 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently made changes to their positions in the company. Capricorn Fund Managers Ltd increased its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the fourth quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 1,589 shares during the period. FNY Investment Advisers LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 31.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,021 shares of the financial services provider’s stock valued at $1,307,000 after acquiring an additional 36,113 shares during the period. RFG Advisory LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at approximately $568,000. Finally, Glenorchy Capital Ltd purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $437,000. 45.46% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

NYSE IRS opened at $8.96 on Friday. The firm’s fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $9.11. The firm has a market capitalization of $662.05 million, a P/E ratio of 14.22 and a beta of 1.40. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $5.73 and a 12-month high of $11.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter. The company had revenue of $71.62 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 29.02% and a net margin of 8.94%.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.6303 per share. The ex-dividend date was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently 100.00%.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.