IRSA Propiedades Comerciales SA (NASDAQ:IRCP) saw a significant drop in short positions in December. As of December 31, there was short interest totaling 17,900 shares, down 56.8% from the December 15 total of 41,400 shares. Based on an average daily volume of 85,400 shares, the days-to-cover ratio is currently 0.2 days.
Shares of IRSA Propiedades Comerciales rose $0.01 on Friday midday to hit $2.22. 21,592 shares of the Company were exchanged compared to an average volume of 54,184. The company has a 50-day moving average of $2.34 and a 200-day moving average of $3.61. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt to equity ratio of 0.44. IRSA Propiedades Comerciales has a 12-month low of $1.90 and a 12-month high of $3.66.
IRSA Propiedades Comerciales (NASDAQ:IRCP) last issued its quarterly earnings results on Friday, November 5th. The financial services provider reported ($0.13) EPS for the quarter. The company had revenue of $30.00 million for the quarter. IRSA Propiedades Comerciales had a negative return on equity of 46.07% and a negative net margin of 366.08%.
Major investors have recently bought and sold shares in the company. VR Advisory Services Ltd increased its stake in IRSA Propiedades Comerciales by 329.5% in the third quarter. VR Advisory Services Ltd now owns 355,471 shares of the financial services provider, valued at $1,034,000, having bought a further 272,707 shares last quarter. 683 Capital Management LLC increased its stake in IRSA Propiedades Comerciales by 426.1% in the third quarter. 683 Capital Management LLC now owns 2,594,814 shares of the financial services provider, valued at $7,655,000, after purchasing an additional 2,101,631 shares last quarter. Morgan Stanley increased its stake in IRSA Propiedades Comerciales by 256.0% in the third quarter. Morgan Stanley now owns 10,264 shares of the financial services firm, valued at $31,000, after buying another 7,381 shares last quarter. Renaissance Technologies LLC increased its stake in IRSA Propiedades Comerciales by 74.3% in the third quarter. Renaissance Technologies LLC now owns 61,359 shares of the financial services provider, valued at $181,000, after purchasing an additional 26,157 shares last quarter. Finally, the Macquarie Group Ltd. increased its stake in IRSA Propiedades Comerciales by 329.6% in the third quarter. Macquarie Group Ltd. now owns 356,891 shares of the financial services firm, valued at $1,053,000, after purchasing an additional 273,807 shares last quarter. Institutional investors and hedge funds own 18.03% of the company’s shares.
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Separately, TheStreet downgraded IRSA Propiedades Comerciales from a “c-” rating to a “d” rating in a research note on Friday, December 10th.
IRSA Propiedades Comerciales company profile
IRSA Propiedades Comerciales SA deals with the management of shopping centers and office buildings. It operates through the following segments: Shopping Malls, Office Sales and Development and Other. The Shopping Centers segment includes the operation and development of shopping centers, leasing of retail stores and other space.
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