Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Update

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) saw a significant increase in short interest during the month of 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 shares of the company are sold short. Based on an average daily volume of 258,997 shares, the days-to-cover ratio is presently 2.3 days.

Analysts Set New Price Targets

CRESY has been the topic of several recent analyst reports. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

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

In related news, Director Fernando Adrian Elsztain sold 70,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00. Following the completion of the sale, the director owned 685,121 shares in the company, valued at $863,252.46. This represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alejandro Gustavo Elsztain bought 18,200 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $10.95 per share, with a total value of $199,290.00. Following the purchase, the director owned 1,225,764 shares in the company, valued at $13,422,115.80. This trade represents a 1.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 119,385 shares of company stock worth $144,017 over the last quarter. 36.20% of the stock is currently owned by corporate insiders.

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

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at $25,000. Van ECK Associates Corp boosted its stake in Cresud S.A.C.I.F. y A. by 103.9% during the fourth 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 in the last quarter. Bank of America Corp DE boosted its stake in Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after buying an additional 6,679 shares in the last quarter. Salzhauer Michael bought a new stake in Cresud S.A.C.I.F. y A. in the 4th quarter valued at $126,000. Finally, Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. in the 1st quarter valued at $127,000. Institutional investors own 12.90% of the company’s stock.

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

NASDAQ:CRESY opened at $10.46 on Tuesday. The stock’s 50-day moving average is $11.19. The company has a market cap of $660.90 million, a P/E ratio of 4.76 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 52-week low of $8.39 and a 52-week high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share 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%. The business had revenue of $182.78 million during the quarter.

Cresud S.A.C.I.F. y A. Company Profile

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.