Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Up 150.3% in April

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 489,619 shares, a growth of 150.3% from the April 15th total of 195,590 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 330,912 shares, the days-to-cover ratio is currently 1.5 days.

Cresud S.A.C.I.F. y A. Price Performance

NASDAQ CRESY traded down $0.14 on Friday, reaching $10.55. 153,410 shares of the company’s stock traded hands, compared to its average volume of 256,407. The stock has a market cap of $666.36 million, a PE ratio of 4.75 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a 12 month low of $8.39 and a 12 month high of $14.21. The stock has a 50-day simple moving average of $11.39 and a 200 day simple moving average of $11.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Thursday, May 7th. The company reported $999.00 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.17% and a net margin of 17.44%.

Insider Buying and Selling

In related news, Director Alejandro Gustavo Elsztain bought 13,375 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average price of $11.23 per share, for a total transaction of $150,201.25. Following the completion of the transaction, the director directly owned 1,203,206 shares in the company, valued at approximately $13,512,003.38. The trade was a 1.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eduardo S. Elsztain purchased 8,823 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $10.67 per share, with a total value of $94,141.41. Following the completion of the acquisition, the director directly owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. This trade represents a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 26,656 shares of company stock valued at $294,272 over the last quarter. 36.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRESY. Kopernik Global Investors LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 4.0% during the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after acquiring an additional 168,662 shares during the last quarter. Acuitas Investments LLC purchased a new stake in Cresud S.A.C.I.F. y A. in the first quarter worth about $127,000. R Squared Ltd boosted its position in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares in the last quarter. XTX Topco Ltd purchased a new stake in Cresud S.A.C.I.F. y A. in the fourth quarter worth $381,000. Finally, State of Wisconsin Investment Board bought a new position in Cresud S.A.C.I.F. y A. in the fourth quarter worth $270,000. 12.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRESY shares. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.