Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Up 150.3% in April

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 489,619 shares, a growth of 150.3% from the April 15th total of 195,590 shares. Based on an average trading volume of 330,912 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.2% of the company’s stock are sold short.

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

Shares of NASDAQ CRESY traded down $0.06 during mid-day trading on Friday, hitting $10.63. The company had a trading volume of 268,300 shares, compared to its average volume of 295,181. The stock has a market cap of $671.65 million, a price-to-earnings ratio of 4.79 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a 12 month low of $8.39 and a 12 month high of $14.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $11.32 and its two-hundred day simple moving average is $11.80.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $999.00 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.17% and a net margin of 17.44%.

Insiders Place Their Bets

In related news, Director Eduardo S. Elsztain acquired 58,595 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $10.57 per share, for a total transaction of $619,349.15. Following the purchase, the director directly owned 9,845,278 shares of the company’s stock, valued at $104,064,588.46. The trade was a 0.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alejandro Gustavo Elsztain bought 13,375 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average cost of $11.23 per share, for a total transaction of $150,201.25. Following the acquisition, the director owned 1,203,206 shares in the company, valued at $13,512,003.38. The trade was a 1.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 85,251 shares of company stock worth $913,621 over the last quarter. 36.20% of the stock is currently owned by insiders.

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

Several hedge funds have recently bought and sold shares of the company. Kopernik Global Investors LLC lifted its position in Cresud S.A.C.I.F. y A. by 4.0% in the 1st 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. Systrade AG lifted its position in Cresud S.A.C.I.F. y A. by 190.5% in the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after purchasing an additional 698,341 shares during the last quarter. VR Advisory Services Ltd raised its stake in Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after acquiring an additional 470,365 shares in the last quarter. Crocodile Capital Partners GmbH raised its stake in Cresud S.A.C.I.F. y A. by 438.1% during the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock valued at $9,689,000 after acquiring an additional 624,614 shares in the last quarter. Finally, Ping Capital Management Inc. raised its stake in Cresud S.A.C.I.F. y A. by 11.6% during the 4th quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock valued at $1,703,000 after acquiring an additional 14,021 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

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.