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 in 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 currently 1.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $27,000. FNY Investment Advisers LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $38,000. Advisors Preferred LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $94,000. Deuterium Capital Management LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $96,000. Finally, QRG Capital Management Inc. purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $177,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 5.9 %

NYSE IRS opened at $8.43 on Tuesday. The company has a market cap of $622.89 million, a price-to-earnings ratio of 13.35 and a beta of 1.39. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $5.73 and a 52 week high of $11.67. The business has a 50 day moving average price of $10.07 and a 200-day moving average price of $9.11. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.47 EPS for the quarter. The firm had revenue of $71.62 million during 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 announced a — dividend, which was paid on Tuesday, June 11th. Investors of record on Monday, June 3rd were given 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 99.80%.

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.