Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Down 9.6% in January

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 842,900 shares, a decline of 9.6% from the December 31st total of 932,800 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 252,400 shares, the days-to-cover ratio is currently 3.3 days.

Several research analysts have commented on CRESY shares. BidaskClub downgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “sell” rating in a research note on Saturday, January 11th. TheStreet downgraded Cresud S.A.C.I.F. y A. from a “c” rating to a “d-” rating in a research note on Tuesday, November 19th.

NASDAQ CRESY traded down $0.05 during trading on Wednesday, hitting $5.95. 9,114 shares of the company’s stock were exchanged, compared to its average volume of 175,508. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 3.44. Cresud S.A.C.I.F. y A. has a fifty-two week low of $4.06 and a fifty-two week high of $14.00. The stock’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $6.52.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Monday, November 11th. The company reported ($2.64) EPS for the quarter. The business had revenue of $504.32 million for the quarter. Cresud S.A.C.I.F. y A. had a negative return on equity of 47.33% and a negative net margin of 32.79%.

A number of hedge funds and other institutional investors have recently modified their holdings of CRESY. A.R.T. Advisors LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $110,000. Vanguard Group Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $120,000. Sheaff Brock Investment Advisors LLC increased its stake in shares of Cresud S.A.C.I.F. y A. by 25.0% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 25,000 shares of the company’s stock valued at $148,000 after buying an additional 5,000 shares during the period. Gould Asset Management LLC CA increased its stake in shares of Cresud S.A.C.I.F. y A. by 73.6% in the fourth quarter. Gould Asset Management LLC CA now owns 21,463 shares of the company’s stock valued at $151,000 after buying an additional 9,103 shares during the period. Finally, Paloma Partners Management Co increased its stake in shares of Cresud S.A.C.I.F. y A. by 61.6% in the second quarter. Paloma Partners Management Co now owns 16,259 shares of the company’s stock valued at $170,000 after buying an additional 6,200 shares during the period. 22.34% of the stock is owned by hedge funds and other institutional investors.

Cresud S.A.C.I.F. y A. Company Profile

Cresud Sociedad AnĂ³nima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of cattle for sale to slaughterhouses and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.

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