Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Sees Significant Increase in Short Interest

Posted by Patrick Bannon on Apr 17th, 2024

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 506,700 shares, a growth of 7.3% from the March 15th total of 472,300 shares. Based on an average daily trading volume, of 193,300 shares, the short-interest ratio is currently 2.6 days. Approximately 0.8% of the company’s stock are short sold.

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock opened at $8.77 on Wednesday. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 12-month low of $5.51 and a 12-month high of $10.19. The company has a market capitalization of $520.41 million, a price-to-earnings ratio of 2.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.18 and a quick ratio of 0.89. The firm’s fifty day moving average price is $8.49 and its 200 day moving average price is $8.53.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY – Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.56) earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 8.22% and a net margin of 24.32%. The firm had revenue of $246.62 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 79.5% in the 3rd quarter. Citigroup Inc. now owns 116,647 shares of the company’s stock valued at $780,000 after buying an additional 51,670 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 3rd quarter valued at about $30,000. Quadrature Capital Ltd boosted its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% in the 4th quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock valued at $1,020,000 after buying an additional 50,923 shares during the period. Kopernik Global Investors LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at about $7,384,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at about $104,000. 12.90% of the stock is owned by institutional investors and hedge funds.

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

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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.