Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Short Interest Update

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 152,582 shares, a growth of 113.1% from the February 26th total of 71,593 shares. Based on an average trading volume of 84,803 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banco BTG Pactual S.A. acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at about $265,000. Windmill Hill Asset Management Ltd grew its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock valued at $508,000 after buying an additional 70,898 shares during the period. SmartHarvest Portfolios LLC bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at about $68,000. ERn Financial LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 3rd quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth approximately $37,000. 1.15% of the stock is owned by institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 1.0%

Shares of LND stock traded down $0.04 during trading hours on Thursday, hitting $3.95. 83,766 shares of the company were exchanged, compared to its average volume of 87,913. The company has a 50 day simple moving average of $4.04 and a two-hundred day simple moving average of $3.82. The firm has a market cap of $405.59 million, a P/E ratio of 7.79 and a beta of 0.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.72 and a current ratio of 1.61. Brasilagro Cia Brasileira De Propriedades Agricolas has a fifty-two week low of $3.47 and a fifty-two week high of $4.45.

Analysts Set New Price Targets

Several research firms recently issued reports on LND. Wall Street Zen upgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.