IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Short Interest Up 27.6% in June

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 212,600 shares, an increase of 27.6% from the May 31st total of 166,600 shares. Based on an average trading volume of 162,000 shares, the days-to-cover 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 stock. Acadian Asset Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at $27,000. FNY Investment Advisers LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $38,000. Deuterium Capital Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at $96,000. Advisors Preferred LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at $94,000. Finally, QRG Capital Management Inc. acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 5.9 %

Shares of NYSE IRS opened at $8.43 on Tuesday. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $5.73 and a 1 year high of $11.67. The firm’s 50 day moving average price is $10.07 and its 200 day moving average price is $9.11. The firm has a market cap of $622.89 million, a P/E ratio of 13.35 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 0.52.

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. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 8.94% and a return on equity of 29.02%. The firm had revenue of $71.62 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The business also recently declared a — dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, June 3rd were issued a $0.6303 dividend. The ex-dividend date of this dividend was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently 99.80%.

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.