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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 452,600 shares, a decline of 11.6% from the October 31st total of 512,000 shares. Based on an average daily trading volume, of 190,800 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.8% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meixler Investment Management Ltd. lifted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 47.1% in the second quarter. Meixler Investment Management Ltd. now owns 43,777 shares of the company’s stock worth $360,000 after buying an additional 14,024 shares in the last quarter. Ping Capital Management Inc. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth approximately $773,000. Anson Capital Inc. purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $97,000. Herr Investment Group LLC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $821,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth approximately $884,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Performance

CRESY traded up $1.05 on Friday, reaching $12.93. The stock had a trading volume of 319,001 shares, compared to its average volume of 283,419. The business’s 50-day moving average price is $9.87 and its two-hundred day moving average price is $8.88. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 12-month low of $6.56 and a 12-month high of $13.18. The company has a market cap of $773.99 million, a P/E ratio of -9.80 and a beta of 1.10.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its quarterly 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 2.46% 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 Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.6096 per share. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. The ex-dividend date is Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio (DPR) is -27.27%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th.

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.