Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Up 53.5% in July

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 591,612 shares, an increase of 53.5% from the July 15th total of 385,359 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 258,997 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

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

Cresud S.A.C.I.F. y A. Stock Up 5.2%

Cresud S.A.C.I.F. y A. stock opened at $10.91 on Thursday. The company’s 50-day moving average price is $11.15. The company has a market cap of $689.29 million, a P/E ratio of 4.91 and a beta of 0.73. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.21. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.

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%.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other news, Director Fernando Adrian Elsztain sold 70,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the sale, the director owned 685,121 shares in the company, valued at $863,252.46. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alejandro Gustavo Elsztain purchased 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $10.95 per share, with a total value of $199,290.00. Following the transaction, the director directly owned 1,225,764 shares of the company’s stock, valued at $13,422,115.80. This represents a 1.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 119,385 shares of company stock valued at $144,017. 36.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRESY. Kopernik Global Investors LLC grew its position in shares of Cresud S.A.C.I.F. y A. by 4.0% during the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after acquiring an additional 168,662 shares during the period. Goldman Sachs Group Inc. raised its holdings in Cresud S.A.C.I.F. y A. by 234.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after purchasing an additional 80,213 shares during the period. Sei Investments Co. raised its holdings in Cresud S.A.C.I.F. y A. by 18.4% in the 3rd quarter. Sei Investments Co. now owns 117,331 shares of the company’s stock worth $1,079,000 after purchasing an additional 18,215 shares during the period. XTX Topco Ltd purchased a new position in Cresud S.A.C.I.F. y A. during the fourth quarter valued at $381,000. Finally, State of Wisconsin Investment Board purchased a new position in Cresud S.A.C.I.F. y A. during the fourth quarter valued at $270,000. 12.90% of the stock is currently owned by institutional investors.

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.