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 recipient of a significant 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 shares of the stock are sold short. Based on an average daily trading volume, of 258,997 shares, the short-interest ratio is currently 2.3 days.

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

In related news, Director Fernando Adrian Elsztain sold 70,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the transaction, the director directly owned 685,121 shares in the company, valued at approximately $863,252.46. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost 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 represents a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 119,385 shares of company stock worth $144,017 over the last 90 days. 36.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 13.9% in the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after acquiring an additional 519,091 shares during the last quarter. VR Advisory Services Ltd boosted its position in shares of 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 worth $8,156,000 after purchasing an additional 470,365 shares during the period. Goldman Sachs Group Inc. increased 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 valued at $1,444,000 after purchasing an additional 80,213 shares during the last quarter. Jane Street Group LLC increased its holdings in Cresud S.A.C.I.F. y A. by 303.3% in the 4th quarter. Jane Street Group LLC now owns 84,132 shares of the company’s stock valued at $1,063,000 after purchasing an additional 63,273 shares during the last quarter. Finally, Sei Investments Co. raised its position in Cresud S.A.C.I.F. y A. by 66.2% in the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after purchasing an additional 39,488 shares during the period. Institutional investors and hedge funds own 12.90% of the company’s stock.

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

Shares of CRESY stock opened at $10.64 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $11.17. 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 stock has a market capitalization of $672.30 million, a P/E ratio of 4.79 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The company 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%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRESY. Wall Street Zen lowered 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 note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.