Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Up 150.3% in April

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 489,619 shares, a growth of 150.3% from the April 15th total of 195,590 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 330,912 shares, the short-interest ratio is currently 1.5 days.

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

In other Cresud S.A.C.I.F. y A. news, Director Eduardo S. Elsztain bought 8,823 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $10.67 per share, with a total value of $94,141.41. Following the purchase, the director directly owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. The trade was a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alejandro Gustavo Elsztain purchased 4,458 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were bought at an average price of $11.20 per share, for a total transaction of $49,929.60. Following the completion of the transaction, the director directly owned 1,207,564 shares in the company, valued at $13,524,716.80. This represents a 0.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 85,251 shares of company stock worth $913,621 in the last ninety days. 36.20% of the stock is owned by company insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Steadtrust LLC raised its position in shares of Cresud S.A.C.I.F. y A. by 0.8% during the fourth quarter. Steadtrust LLC now owns 134,608 shares of the company’s stock worth $1,700,000 after purchasing an additional 1,108 shares during the period. Comprehensive Money Management Services LLC raised its position in shares of Cresud S.A.C.I.F. y A. by 1.9% during the fourth quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company’s stock worth $1,038,000 after purchasing an additional 1,522 shares during the period. R Squared Ltd raised its position in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after purchasing an additional 2,253 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Finally, Van ECK Associates Corp raised its position in shares of Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after purchasing an additional 2,957 shares during the period. 12.90% of the stock is owned by institutional investors and hedge funds.

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

Shares of NASDAQ CRESY traded down $0.06 during midday trading on Friday, reaching $10.63. The company’s stock had a trading volume of 268,300 shares, compared to its average volume of 295,181. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $11.32 and a 200 day moving average price of $11.80. 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 company has a market cap of $671.65 million, a price-to-earnings ratio of 4.79 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Thursday, May 7th. The company reported $999.00 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRESY. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Company Profile

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.