Shares last traded at $26.99 barely above $24.82, the stock’s 50 day moving average and quite a bit above the 200 day moving average of $24.39. The 50 day moving average went up $2.17 or +8.76% whereas the 200 day moving average was up $2.60 or +10.66%. Trading volume for IRSA Inversiones Y Representaci was 60K on Tuesday. Trading volume was down 6.28% under the stocks average daily volume.
Investors are feeling more bearish of late as evidenced by the motion in short interest. The stock experienced a rise in short interest of 11.83% as of September 29, 2017 from the last reporting period. Short shares increased from 98,306 to 109,938 over that period. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares was 0.00% on September 29.
A few notable investment firms have updated their holdings. As of the end of the quarter Macquarie Group Ltd had acquired a total of 34,980 shares growing its position 1.7%. The value of the investment in IRS increased from $50,017,000 to $50,066,000 a change of $49,000 quarter to quarter. As of quarter end Ashmore Group Plc had sold 124,057 shares trimming its holdings by 73.2%. The value of the investment in (IRS) went from $4,153,000 to $1,095,000 decreasing 73.6% for the reporting period.
Tricadia Capital Management, LLC expanded its position by buying 45,300 shares an increase of 7.7% as of 06/30/2017. Tricadia Capital Management, LLC controls 631,469 shares worth $15,231,000. The value of the position overall is up by 6.0%. Bienville Capital Management, LLC added to its stake by buying 2,850 shares an increase of 22.1%. Bienville Capital Management, LLC currently owns 15,720 shares valued at $379,000. The total value of its holdings increased 20.3%.
The company’s P/E ratio is 8.91 and market cap is 1.55B.
IRSA Inversiones y Representaciones Sociedad Anonima, launched on June 23, 1943, is a holding company. The Company invests on its own behalf and through investee companies in companies mainly operating in various sectors of the Israeli and global economy. The Business’s segments include Cellcom, Property and Buildings and projects in Las Vegas, Shufersal, Adama, Clal Insurance Enterprise Holdings and Others..