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

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 August. As of August 15th, there was short interest totaling 96,800 shares, a drop of 24.8% from the July 31st total of 128,800 shares. Based on an average trading volume of 33,600 shares, the short-interest ratio is currently 2.9 days. Based on an average trading volume of 33,600 shares, the short-interest ratio is currently 2.9 days.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter worth $499,000. Citadel Advisors LLC raised its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% during the 4th quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock worth $173,000 after purchasing an additional 21,419 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth $37,000. Evelyn Partners Investment Management LLP raised its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock worth $71,000 after purchasing an additional 16,435 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock valued at $141,000 after acquiring an additional 14,651 shares during the period. 1.15% of the stock is currently owned by institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of NYSE LND traded down $0.05 during mid-day trading on Friday, reaching $3.80. 32,586 shares of the company's stock were exchanged, compared to its average volume of 30,392. The firm has a market capitalization of $390.59 million, a price-to-earnings ratio of 7.32 and a beta of 0.50. Brasilagro Cia Brasileira De Propriedades Agricolas has a 52 week low of $3.49 and a 52 week high of $4.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 0.94. The firm has a 50-day moving average price of $3.80 and a two-hundred day moving average price of $3.80.

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 EPS for the quarter. The company had revenue of $60.14 million for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a return on equity of 6.47% and a net margin of 11.99%.

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.