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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 512,000 shares, an increase of 5.3% from the October 15th total of 486,300 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 161,300 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of institutional investors have recently modified their holdings of CRESY. Meixler Investment Management Ltd. lifted its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the 3rd quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company's stock valued at $412,000 after purchasing an additional 3,893 shares during the last quarter. Glenorchy Capital Ltd lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% in the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company's stock worth $2,443,000 after purchasing an additional 68,606 shares during the period. Truist Financial Corp bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at about $216,000. B. Riley Wealth Advisors Inc. acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at about $884,000. Finally, Herr Investment Group LLC bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth about $821,000. Institutional investors and hedge funds own 12.90% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "hold" rating to a "sell" rating in a research note on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 3.2 %

NASDAQ CRESY traded up $0.35 during trading hours on Monday, hitting $11.16. The company had a trading volume of 292,041 shares, compared to its average volume of 178,062. The company has a market capitalization of $668.08 million, a price-to-earnings ratio of -8.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.07 and a quick ratio of 0.81. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a fifty-two week low of $6.56 and a fifty-two week high of $11.55. The firm's 50 day moving average is $9.31 and its 200 day moving average is $8.76.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $1.00 earnings per share for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.22% and a negative net margin of 7.06%. The company had revenue of $294.43 million during the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.