Short Interest in Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Drops By 24.8%

Key Points

• Short interest in Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) has decreased by 24.8%, falling from 128,800 shares on July 31st to 96,800 shares by August 15th.
• The company's recent earnings report indicated an earnings per share (EPS) of $0.11 for the quarter, along with a return on equity of 6.47% and revenue of $60.14 million.
• Several institutional investors have increased their stakes in Brasilagro, indicating growing confidence, with one fund, Evelyn Partners Investment Management LLP, increasing its position by 750.8%.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 96,800 shares, adropof24.8% from the July 31st total of 128,800 shares. Based on an average daily trading volume, of 33,600 shares, the days-to-cover ratio is presently 2.9 days. Based on an average daily trading volume, of 33,600 shares, the days-to-cover ratio is presently 2.9 days.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Up 0.6%

Shares of NYSE:LND opened at $3.98 on Monday. The firm has a market cap of $408.15 million, a price-to-earnings ratio of 7.64 and a beta of 0.49. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12 month low of $3.49 and a 12 month high of $4.97. The company's fifty day simple moving average is $3.80 and its 200 day simple moving average is $3.79. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.40.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.11 earnings per share (EPS) for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a return on equity of 6.47% and a net margin of 11.99%.The firm had revenue of $60.14 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Northern Trust Corp acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at approximately $499,000. Citadel Advisors LLC grew its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% in the fourth quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock valued at $173,000 after purchasing an additional 21,419 shares in the last quarter. Evelyn Partners Investment Management LLP increased its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock valued at $71,000 after buying an additional 16,435 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock worth $141,000 after buying an additional 14,651 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.

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