Cyrela Brazil Realty SA (OTCMKTS:CYRBY) Short Interest Down 69.7% in August

Cyrela Brazil Realty SA (OTCMKTS:CYRBY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 19,933 shares, a decrease of 69.7% from the August 15th total of 65,867 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,651 shares, the days-to-cover ratio is presently 1.4 days.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cyrela Brazil Realty presently has a consensus rating of “Hold”.

Cyrela Brazil Realty Stock Performance

Shares of CYRBY stock opened at $5.39 on Monday. 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 $2.07 billion, a P/E ratio of 5.73 and a beta of 0.60. Cyrela Brazil Realty has a twelve month low of $3.65 and a twelve month high of $7.92. The stock’s fifty day simple moving average is $4.48 and its 200 day simple moving average is $4.80.

Cyrela Brazil Realty Company Profile

Cyrela Brazil Realty SA Empreendimentos e Participações is a Brazilian real estate development and construction company headquartered in São Paulo. Founded in 1962, the company develops, builds and sells residential properties in Brazil, with projects spanning multiple segments of the housing market.

The company operates through brands that serve different customer groups, including Cyrela for higher-end residential developments, Living for the middle-income market and Vivaz for more affordable housing.