Irsa Inversiones y Rprsntcins SA (NYSE:IRS) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 333,500 shares, a growth of 9.7% from the September 30th total of 304,100 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 128,700 shares, the short-interest ratio is currently 2.6 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newfoundland Capital Management boosted its stake in Irsa Inversiones y Rprsntcins by 40.6% during the second quarter. Newfoundland Capital Management now owns 138,803 shares of the financial services provider’s stock worth $1,357,000 after buying an additional 40,109 shares during the last quarter. Citadel Advisors LLC acquired a new position in Irsa Inversiones y Rprsntcins during the second quarter worth $201,000. Public Employees Retirement System of Ohio acquired a new position in Irsa Inversiones y Rprsntcins during the second quarter worth $138,000. City of London Investment Management Co. Ltd. boosted its stake in Irsa Inversiones y Rprsntcins by 24.0% during the second quarter. City of London Investment Management Co. Ltd. now owns 1,273,944 shares of the financial services provider’s stock worth $12,427,000 after buying an additional 246,317 shares during the last quarter. Finally, FMR LLC boosted its stake in Irsa Inversiones y Rprsntcins by 40.7% during the first quarter. FMR LLC now owns 885,323 shares of the financial services provider’s stock worth $9,649,000 after buying an additional 256,104 shares during the last quarter. 21.37% of the stock is currently owned by institutional investors.
NYSE IRS traded up $0.21 on Friday, reaching $5.00. 54,900 shares of the company were exchanged, compared to its average volume of 87,206. The business’s fifty day moving average price is $5.20 and its 200 day moving average price is $7.72. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.45 and a current ratio of 1.45. Irsa Inversiones y Rprsntcins has a fifty-two week low of $4.00 and a fifty-two week high of $15.44.
IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.
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