Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Sees Large Increase in Short Interest

Key Points

• Short interest in Brasilagro (NYSE:LND) surged 113.1% to 152,582 shares as of March 13, leaving a short-interest ratio of about 1.8 days based on average daily volume.
• Analyst views are mixed: Wall Street Zen upgraded to a hold, Weiss Ratings reaffirmed a sell, and MarketBeat shows an average rating of Reduce.
• Institutional ownership remains low at 1.15%, although several funds (including Banco BTG Pactual and Windmill Hill) recently initiated or increased positions in the stock.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) was the target of 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 short-interest ratio is currently 1.8 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LND shares. Wall Street Zen upgraded Brasilagro Cia Brasileira De Propriedades Agricolas to a "hold" rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Banco BTG Pactual S.A. bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at $265,000. Windmill Hill Asset Management Ltd increased its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company's stock valued at $508,000 after purchasing an additional 70,898 shares during the period. SmartHarvest Portfolios LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter worth $68,000. ERn Financial LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 3rd quarter worth $50,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth about $37,000. 1.15% of the stock is currently owned by institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

Shares of LND traded down $0.04 during trading hours on Thursday, reaching $3.95. The stock had a trading volume of 83,766 shares, compared to its average volume of 87,913. The stock has a market capitalization of $405.59 million, a PE ratio of 7.79 and a beta of 0.31. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12 month low of $3.47 and a 12 month high of $4.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.72 and a current ratio of 1.61. The company's 50-day moving average is $4.04 and its two-hundred day moving average is $3.82.

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.

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