Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Short Interest Down 35.3% in July

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 385,359 shares, a drop of 35.3% from the June 30th total of 595,399 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 376,877 shares, the short-interest ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRESY shares. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

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

Shares of NASDAQ CRESY traded down $0.41 during trading on Friday, hitting $11.20. The company had a trading volume of 218,081 shares, compared to its average volume of 270,950. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.21. The firm has a 50-day moving average of $11.29. The company has a market cap of $707.66 million, a P/E ratio of 5.05 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.The business had revenue of $182.78 million during the quarter.

Insider Activity

In related news, Director Eduardo S. Elsztain acquired 58,595 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $10.57 per share, for a total transaction of $619,349.15. Following the completion of the purchase, the director directly owned 9,845,278 shares in the company, valued at $104,064,588.46. This trade represents a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Fernando Adrian Elsztain sold 70,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the completion of the transaction, the director owned 685,121 shares of the company’s stock, valued at $863,252.46. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 85,618 shares of company stock valued at $912,781 and have sold 109,385 shares valued at $133,417. Corporate insiders own 36.20% of the company’s stock.

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

A number of institutional investors have recently bought and sold shares of CRESY. Kopernik Global Investors LLC grew its position in Cresud S.A.C.I.F. y A. by 4.0% during the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after purchasing an additional 168,662 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its stake in shares of Cresud S.A.C.I.F. y A. by 56.7% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 25,461 shares of the company’s stock valued at $322,000 after buying an additional 9,211 shares during the period. Ping Capital Management Inc. boosted its stake in shares of Cresud S.A.C.I.F. y A. by 11.6% during the 4th quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock valued at $1,703,000 after buying an additional 14,021 shares during the period. R Squared Ltd grew its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after acquiring an additional 2,253 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter valued at $135,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Cresud S.A.C.I.F. y A.

Here are the key news stories impacting Cresud S.A.C.I.F. y A. this week:

• Positive Sentiment: Several institutions recently initiated or increased positions in Cresud, including Raymond James Financial, Acuitas Investments and Salzhauer Michael. VanECK more than doubled its holdings, while Bank of America increased its stake substantially. Institutional ownership stands at 12.90%, suggesting continued interest from professional investors. Cresud insider trading and institutional ownership report
• Positive Sentiment: Cresud’s reported fundamentals remain supportive: the company posted quarterly EPS of $0.45 on revenue of $182.78 million, with a 17.44% net margin. Its approximately 5.1 P/E ratio may appeal to value-oriented investors, though the earnings report cited is not recent. Cresud company and earnings information
• Neutral Sentiment: Analyst sentiment is cautious rather than bullish. MarketBeat lists an overall “Hold” rating, with Weiss Ratings maintaining a hold assessment and Wall Street Zen previously downgrading the stock from buy to hold. Cresud analyst ratings report
• Negative Sentiment: Director Fernando Adrian Elsztain disclosed multiple sales, including 15,000 shares on July 21 and 20,000 shares on July 22, for combined proceeds of $40,350. Earlier filings also show sales of 4,385 shares in July, 70,000 in June and 31,000 in April. The repeated selling reduces his position and may weigh on investor confidence, although he still retains a sizable holding. Cresud director stock sale report

About Cresud S.A.C.I.F. y A.

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.