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 target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 588,000 shares, a drop of 26.6% from the April 30th total of 800,800 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 220,800 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

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

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

Large investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. boosted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 4.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 49,741 shares of the company's stock valued at $628,000 after purchasing an additional 2,071 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at about $38,000. Ridgewood Investments LLC boosted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 920.0% during the first quarter. Ridgewood Investments LLC now owns 5,100 shares of the company's stock valued at $56,000 after purchasing an additional 4,600 shares in the last quarter. Comprehensive Money Management Services LLC boosted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.5% during the first quarter. Comprehensive Money Management Services LLC now owns 82,942 shares of the company's stock valued at $917,000 after purchasing an additional 6,486 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

NASDAQ:CRESY traded down $0.23 during trading hours on Tuesday, hitting $11.95. The company's stock had a trading volume of 88,369 shares, compared to its average volume of 206,202. The stock has a fifty day simple moving average of $11.34 and a 200-day simple moving average of $11.82. The company has a market capitalization of $723.03 million, a P/E ratio of -11.06 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.56 and a twelve month high of $14.23.

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

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.