Cyrela Brazil Realty SA (OTCMKTS:CYRBY) Sees Significant Growth in Short Interest

Cyrela Brazil Realty SA (OTCMKTS:CYRBY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 65,867 shares, a growth of 642.7% from the July 30th total of 8,868 shares. Based on an average trading volume of 23,906 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.0% of the shares of the company are short sold.

Cyrela Brazil Realty Trading Up 6.6%

Shares of CYRBY opened at $5.00 on Wednesday. The stock’s 50-day moving average price is $4.38 and its 200 day moving average price is $4.96. The company has a quick ratio of 9.04, a current ratio of 9.04 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 5.32 and a beta of 0.58. Cyrela Brazil Realty has a 12-month low of $3.65 and a 12-month high of $7.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Cyrela Brazil Realty to a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cyrela Brazil Realty currently has an average rating of “Hold”.

About Cyrela Brazil Realty

Cyrela Brazil Realty SA Empreendimentos e Participações is a leading Brazilian residential real estate developer. Founded in 1962 by Elie Horn and headquartered in São Paulo, the company has built a reputation for high-quality construction, innovative architectural design and sustainable building practices. It focuses primarily on luxury and mid-market housing projects, combining modern amenities with meticulous craftsmanship.

The company’s core activities encompass land acquisition, project design, construction management and sales of residential units such as condominiums, single-family homes and mixed-use developments.