Short Interest in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Drops By 11.8%

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 540,800 shares, a decline of 11.8% from the September 15th total of 613,200 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 150,900 shares, the short-interest ratio is currently 3.6 days.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth approximately $884,000. Herr Investment Group LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at about $821,000. Ping Capital Management Inc. acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth about $773,000. Helikon Investments Ltd raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% during the 1st quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock worth $5,694,000 after purchasing an additional 76,113 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% during the 4th quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock valued at $1,020,000 after purchasing an additional 50,923 shares during the period. Institutional investors and hedge funds own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 0.1 %

Shares of CRESY opened at $9.51 on Tuesday. The stock has a 50 day simple moving average of $8.49 and a 200-day simple moving average of $8.71. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.34. The stock has a market cap of $564.31 million, a PE ratio of 4.93 and a beta of 1.10. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 1 year low of $6.56 and a 1 year high of $10.75.

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

Analyst Upgrades and Downgrades

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

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.