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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESYGet Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 324,100 shares, a decrease of 30.8% from the April 30th total of 468,400 shares. Based on an average trading volume of 255,800 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are short sold.

Separately, StockNews.com initiated coverage on Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in a research note on Thursday, March 31st. They set a “hold” rating for the company.

A number of institutional investors have recently made changes to their positions in the stock. 683 Capital Management LLC lifted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 9.2% in the 3rd quarter. 683 Capital Management LLC now owns 1,804,460 shares of the company’s stock worth $8,751,000 after acquiring an additional 152,000 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 54.1% in the 1st quarter. Ritholtz Wealth Management now owns 131,092 shares of the company’s stock worth $1,075,000 after acquiring an additional 46,003 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 42.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,469 shares of the company’s stock worth $422,000 after acquiring an additional 26,847 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 14.0% in the first quarter. Envestnet Asset Management Inc. now owns 77,286 shares of the company’s stock valued at $634,000 after purchasing an additional 9,467 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the third quarter valued at about $324,000. 11.00% of the stock is owned by hedge funds and other institutional investors.

Shares of CRESY stock opened at $7.40 on Friday. The stock has a 50-day simple moving average of $7.70 and a 200 day simple moving average of $6.21. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a fifty-two week low of $4.27 and a fifty-two week high of $9.80. The company has a quick ratio of 0.93, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESYGet Rating) last announced its earnings results on Friday, May 13th. The company reported ($0.80) earnings per share for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 8.20% and a negative return on equity of 1.06%. The firm had revenue of $144.25 million for the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile (Get Rating)

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. It operates through Agricultural Business, and Urban Properties and Investment Business segments. The Agricultural Business segment is involved in the planting, harvesting, and sale of crops, such as wheat, corn, soybeans, cotton, and sunflower, as well as sugarcane; sale of grain derivatives, including flour and oil; breeding, purchasing, and/or fattening of cattle for sale to meat processors and local livestock auction markets; provision of agricultural services; leasing of farms to third parties; disposal and development of farmlands; and brokerage activities.

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