Short Interest in Adecoagro S.A. (NYSE:AGRO) Grows By 5.8%

Adecoagro S.A. (NYSE:AGROGet Rating) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,730,000 shares, a growth of 5.8% from the August 15th total of 2,580,000 shares. Based on an average daily volume of 726,500 shares, the short-interest ratio is currently 3.8 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Trading of Adecoagro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in Adecoagro by 4.7% in the second quarter. Quent Capital LLC now owns 44,780 shares of the company’s stock worth $379,000 after acquiring an additional 2,000 shares during the period. Counterpoint Mutual Funds LLC lifted its stake in Adecoagro by 69.2% in the first quarter. Counterpoint Mutual Funds LLC now owns 5,538 shares of the company’s stock worth $67,000 after acquiring an additional 2,264 shares during the period. DGS Capital Management LLC lifted its stake in Adecoagro by 19.0% in the second quarter. DGS Capital Management LLC now owns 25,563 shares of the company’s stock worth $216,000 after acquiring an additional 4,080 shares during the period. PEAK6 Investments LLC lifted its stake in Adecoagro by 20.6% in the fourth quarter. PEAK6 Investments LLC now owns 24,814 shares of the company’s stock worth $191,000 after acquiring an additional 4,241 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Adecoagro by 4.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 172,948 shares of the company’s stock worth $2,089,000 after acquiring an additional 7,476 shares during the period.

Adecoagro Price Performance

Shares of Adecoagro stock opened at $8.42 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 1.74. Adecoagro has a 52-week low of $6.78 and a 52-week high of $13.55. The stock has a market capitalization of $937.84 million, a price-to-earnings ratio of 5.30 and a beta of 1.07. The company’s 50 day moving average price is $8.58 and its 200-day moving average price is $9.95.

Adecoagro Company Profile

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Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanuts, cotton, sunflowers, and others; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

Further Reading

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