Short Interest in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Rises By 5.4%

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 613,200 shares, a growth of 5.4% from the August 31st total of 581,800 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 154,700 shares, the short-interest ratio is presently 4.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Performance

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock traded down $0.03 during trading on Tuesday, hitting $8.61. 19,597 shares of the company’s stock traded hands, compared to its average volume of 175,435. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 1 year low of $6.16 and a 1 year high of $10.75. The business has a 50-day simple moving average of $8.18 and a 200-day simple moving average of $8.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80. The stock has a market capitalization of $510.91 million, a P/E ratio of 4.49 and a beta of 1.10.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $1.00 EPS for the quarter. The firm had revenue of $294.43 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.90%.

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds and other institutional investors have recently modified their holdings of the company. Helikon Investments Ltd boosted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% in the 1st quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock worth $5,694,000 after buying an additional 76,113 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% in the fourth quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock valued at $1,020,000 after acquiring an additional 50,923 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth about $884,000. Herr Investment Group LLC bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at about $821,000. Finally, Ping Capital Management Inc. purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at about $773,000. 12.90% of the stock is owned by institutional investors.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.