The stock last traded at $29.12 significantly higher than $25.42, the 50 day moving average and which is quite a bit above the 200 day moving average of $24.52. The 50 day moving average went up by +14.56% and the 200 day average went up $4.60 or +18.74%. Trading was heavy with 103K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 6.10% over the normal average daily volume.
Traders are feeling more bullish on the company recently as indicated by the change in short interest. The firm saw a fall in short interest of -0.21% as of October 13, 2017 from the last reporting period. Short shares decreased from 109,938 to 109,710 over that period. Days to cover decreased from 3.0 to 1.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (IRS). As of the end of the quarter Macquarie Group Ltd had bought 34,980 shares growing its position 1.7%. The value in dollars 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 disposed of a total of 124,057 shares trimming its holdings by 73.2%. The value of the company’s investment in IRSA Inversiones Y Representaci went from $4,153,000 to $1,095,000 a change of 73.6% for the reporting period.
Tricadia Capital Management, LLC grew its holdings by buying 45,300 shares an increase of 7.7% from 03/31/2017 to 06/30/2017. Tricadia Capital Management, LLC currently owns 631,469 shares valued at $15,231,000. The total value of its holdings increased 6.0%. Bienville Capital Management, LLC expanded its position by buying 2,850 shares an increase of 22.1%. Bienville Capital Management, LLC owns 15,720 shares with a value of $379,000. The value of the position overall is up by 20.3%.
The P/E ratio is currently 9.61 and the market cap of the company is 1.67B.
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..