Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Sees Significant Drop in Short Interest

Key Points

• Short interest plunged 46.9% to 75,483 shares as of April 15, leaving a days-to-cover of 0.8 and just 0.1% of the float sold short.
• Hedge funds made modest new buys but institutional ownership remains low at 1.15%; Windmill Hill doubled its stake to 141,796 shares (about $508,000).
• Analysts have a consensus rating of "Reduce" (one Hold, one Sell), and the stock trades around $3.87—near its one-year low—with a 50-day MA of $4.11 and 200-day MA of $3.86.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 75,483 shares, a decline of 46.9% from the March 31st total of 142,021 shares. Based on an average daily volume of 91,326 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter worth $37,000. ERn Financial LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 3rd quarter valued at about $50,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $68,000. Banco BTG Pactual S.A. bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Finally, Windmill Hill Asset Management Ltd boosted its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during 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 in the last quarter. Hedge funds and other institutional investors own 1.15% of the company's stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of LND stock traded down $0.19 during trading hours on Monday, hitting $3.87. The stock had a trading volume of 150,015 shares, compared to its average volume of 104,302. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.43. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.47 and a one year high of $4.45. The stock's 50-day moving average price is $4.11 and its two-hundred day moving average price is $3.86.

Analysts Set New Price Targets

Several analysts recently weighed in on LND shares. Weiss Ratings restated a "sell (d)" rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Friday, March 27th. Wall Street Zen raised shares of Brasilagro Cia Brasileira De Propriedades Agricolas to a "hold" rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas has a consensus rating of "Reduce".

About Brasilagro Cia Brasileira De Propriedades Agricolas

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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