Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sees Large Decline in Short Interest

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 385,359 shares, a drop of 35.3% from the June 30th total of 595,399 shares. Based on an average daily volume of 376,877 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CRESY shares. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Key Stories Impacting Cresud S.A.C.I.F. y A.

Here are the key news stories impacting Cresud S.A.C.I.F. y A. this week:

• Positive Sentiment: Institutional interest has improved, with Raymond James initiating a position and several firms—including VanECK Associates and Bank of America—increasing their holdings. Institutional ownership stands at approximately 12.9% of shares. Cresud insider trades and institutional ownership report
• Neutral Sentiment: Cresud’s latest reported quarterly results showed $0.45 in EPS on $182.78 million in revenue. Its low reported valuation, including a price-to-earnings ratio near 5, may provide some support, but the earnings release is not recent and offers limited insight into the immediate trading catalyst.
• Neutral Sentiment: Analyst sentiment remains cautious: Weiss Ratings maintained a “hold (c)” rating, while Wall Street Zen previously downgraded the stock from “buy” to “hold.” MarketBeat’s current consensus is “Hold.” Cresud analyst ratings and stock report
• Negative Sentiment: The director’s repeated selling is the clearest near-term pressure point. While the transactions are relatively small compared with the company’s market capitalization, investors may interpret consecutive insider sales as reduced confidence or a lack of urgency to accumulate shares, contributing to the stock’s weaker performance.

Insiders Place Their Bets

In related news, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $10.95 per share, for a total transaction of $199,290.00. Following the transaction, the director owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. The trade was a 1.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fernando Adrian Elsztain sold 70,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $1.26, for a total value of $88,200.00. Following the sale, the director directly owned 685,121 shares in the company, valued at $863,252.46. This trade represents a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 85,618 shares of company stock worth $912,781 and have sold 109,385 shares worth $133,417. 36.20% of the stock is owned by company insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several large investors have recently modified their holdings of CRESY. Kopernik Global Investors LLC grew its position in shares of Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after purchasing an additional 168,662 shares during the last quarter. R Squared Ltd increased its position in Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after buying an additional 2,253 shares during the period. Van ECK Associates Corp increased its position in Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after buying an additional 2,957 shares during the period. PharVision Advisers LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. in the third quarter valued at approximately $135,000. Finally, Centiva Capital LP acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the third quarter worth $163,000. 12.90% of the stock is owned by institutional investors.

Cresud S.A.C.I.F. y A. Price Performance

Shares of CRESY stock opened at $11.21 on Friday. The firm has a market cap of $708.25 million, a price-to-earnings ratio of 5.05 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The business has a 50-day moving average price of $11.29.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The firm had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.