BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Short Interest Down 21.5% in October

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 124,500 shares, a decline of 21.5% from the October 15th total of 158,500 shares. Based on an average daily volume of 51,400 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock. Renaissance Technologies LLC increased its stake in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) by 12.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,735 shares of the company’s stock after purchasing an additional 8,235 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas worth $335,000 at the end of the most recent reporting period. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Stock Up 0.6 %

LND traded up $0.02 during trading hours on Friday, hitting $4.18. 37,664 shares of the company’s stock were exchanged, compared to its average volume of 70,045. The stock has a market cap of $428.69 million, a price-to-earnings ratio of 7.88 and a beta of 0.83. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a 1-year low of $4.02 and a 1-year high of $5.55. The stock’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.68. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.39.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) last released its earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $82.46 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.