Short Interest in Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Rises By 113.1%

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 152,582 shares, an increase of 113.1% from the February 26th total of 71,593 shares. Based on an average daily volume of 84,803 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LND shares. Wall Street Zen raised Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

NYSE LND opened at $3.98 on Friday. The stock has a market capitalization of $408.67 million, a PE ratio of 7.54 and a beta of 0.31. The company’s 50 day simple moving average is $4.04 and its two-hundred day simple moving average is $3.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.61 and a quick ratio of 0.72. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1 year low of $3.47 and a 1 year high of $4.45.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth $37,000. ERn Financial LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 3rd quarter valued at $50,000. SmartHarvest Portfolios LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at $68,000. Banco BTG Pactual S.A. bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth $265,000. Finally, Windmill Hill Asset Management Ltd raised its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after purchasing an additional 70,898 shares in the last quarter. 1.15% of the stock is owned by hedge funds and other institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.