Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Sees Significant Growth in Short Interest

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 731,100 shares, an increase of 14.7% from the May 15th total of 637,500 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 190,500 shares, the short-interest ratio is currently 3.8 days.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Performance

NASDAQ:CRESY opened at $8.18 on Tuesday. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.16 and a twelve month high of $10.75. The company has a market cap of $485.40 million, a P/E ratio of 4.24 and a beta of 1.19. The company’s 50-day moving average price is $9.40 and its 200-day moving average price is $9.03. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.34.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its quarterly earnings results on Friday, May 10th. The company reported ($1.05) earnings per share for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 13.46% and a return on equity of 4.79%. The company had revenue of $168.31 million for the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 10th were given a dividend of $0.3826 per share. The ex-dividend date was Monday, June 10th. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is presently 18.65%.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% in the first quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock worth $419,000 after acquiring an additional 14,652 shares during the last quarter. Meixler Investment Management Ltd. lifted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% in the first quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock worth $266,000 after acquiring an additional 11,483 shares during the last quarter. Deuterium Capital Management LLC purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter worth approximately $92,000. Activest Wealth Management purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter worth approximately $35,000. Finally, Helikon Investments Ltd lifted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% in the first quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock worth $5,694,000 after acquiring an additional 76,113 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.