Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Short Interest Down 26.6% in May

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 588,000 shares, a decline of 26.6% from the April 30th total of 800,800 shares. Approximately 1.0% of the company's shares are short sold. Based on an average daily volume of 220,800 shares, the short-interest ratio is currently 2.7 days.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company's stock valued at $11,474,000 after acquiring an additional 90,066 shares during the last quarter. GMT Capital Corp bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at $11,342,000. 683 Capital Management LLC raised its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 5.2% during the 4th quarter. 683 Capital Management LLC now owns 885,000 shares of the company's stock valued at $11,178,000 after acquiring an additional 44,000 shares during the last quarter. Glenorchy Capital Ltd raised its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 24.2% during the 4th quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company's stock valued at $4,435,000 after acquiring an additional 68,442 shares during the last quarter. Finally, Systrade AG raised its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 19.6% during the 1st quarter. Systrade AG now owns 174,912 shares of the company's stock valued at $1,933,000 after acquiring an additional 28,631 shares during the last quarter. Institutional investors own 12.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 4.0%

CRESY stock traded down $0.48 during trading on Thursday, hitting $11.48. The company had a trading volume of 142,066 shares, compared to its average volume of 205,571. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.82. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 12 month low of $6.56 and a 12 month high of $14.23. The stock has a market cap of $694.29 million, a price-to-earnings ratio of -10.63 and a beta of 1.11.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.18 earnings per share for the quarter. The firm had revenue of $189.16 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative net margin of 5.78% and a negative return on equity of 2.40%.

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.