Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Update

Key Points

• Short interest surged 53.5% to 591,612 shares as of July 31, representing about 1.5% of Cresud’s outstanding stock and 2.3 days to cover.
• Insider activity was mixed: one director sold 70,000 shares, while another purchased 18,200 shares. Insiders collectively own 36.2% of the company, compared with 12.9% held by institutions and hedge funds.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating. Shares opened at $10.46, versus a 52-week range of $8.39 to $14.21, while the company reported quarterly EPS of $0.45 and revenue of $182.78 million.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 591,612 shares, an increase of 53.5% from the July 15th total of 385,359 shares. Based on an average trading volume of 258,997 shares, the short-interest ratio is currently 2.3 days. Approximately 1.5% of the company's stock are sold short.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In related news, Director Fernando Adrian Elsztain sold 70,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00. Following the completion of the sale, the director directly owned 685,121 shares in the company, valued at approximately $863,252.46. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $10.95 per share, with a total value of $199,290.00. Following the completion of the acquisition, the director owned 1,225,764 shares of the company's stock, valued at $13,422,115.80. This represents a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 119,385 shares of company stock worth $144,017. 36.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kopernik Global Investors LLC boosted its position in Cresud S.A.C.I.F. y A. by 4.0% during the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company's stock worth $56,166,000 after purchasing an additional 168,662 shares during the period. Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at approximately $127,000. R Squared Ltd lifted its stake in shares of Cresud S.A.C.I.F. y A. by 14.7% in the first quarter. R Squared Ltd now owns 17,534 shares of the company's stock worth $223,000 after buying an additional 2,253 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth $381,000. Finally, State of Wisconsin Investment Board acquired a new position in Cresud S.A.C.I.F. y A. in the 4th quarter valued at $270,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CRESY shares. Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Cresud S.A.C.I.F. y A. Price Performance

Cresud S.A.C.I.F. y A. stock opened at $10.46 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The firm has a market capitalization of $660.90 million, a P/E ratio of 4.76 and a beta of 0.73. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21. The stock's fifty day simple moving average is $11.19.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The company had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. NASDAQ: CRESY is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.

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