Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Short Interest Update

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 540,800 shares, a decrease of 11.8% from the September 15th total of 613,200 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 150,900 shares, the days-to-cover ratio is currently 3.6 days.

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

Shares of CRESY opened at $8.90 on Thursday. The stock’s 50-day simple moving average is $8.57 and its 200 day simple moving average is $8.71. The stock has a market capitalization of $528.12 million, a price-to-earnings ratio of 4.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 1.08. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52-week low of $6.56 and a 52-week high of $10.75.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings data on Thursday, September 5th. The company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $294.43 million for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 3.90% and a net margin of 11.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at about $216,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at about $884,000. Herr Investment Group LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $821,000. Anson Capital Inc. bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $97,000. Finally, Ping Capital Management Inc. bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $773,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.