Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Sees Large Decrease in Short Interest

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 602,200 shares, a decline of 11.8% from the June 15th total of 682,900 shares. Based on an average daily trading volume, of 183,100 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.0% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter valued at approximately $35,000. Deuterium Capital Management LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter worth $92,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter worth $104,000. Meixler Investment Management Ltd. grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% in the first quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock worth $266,000 after acquiring an additional 11,483 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% in the first quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock worth $419,000 after acquiring an additional 14,652 shares in the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 3.8 %

Shares of CRESY stock traded down $0.31 during trading on Monday, hitting $7.94. 197,883 shares of the stock traded hands, compared to its average volume of 184,362. The firm has a market capitalization of $471.16 million, a P/E ratio of 4.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80. The firm’s fifty day moving average price is $8.94 and its 200-day moving average price is $8.85. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52-week low of $6.16 and a 52-week high of $10.75.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its earnings results on Friday, May 10th. The company reported ($1.05) earnings per share (EPS) for the quarter. The firm had revenue of $168.31 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 13.46% and a return on equity of 4.79%.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 10th were given a $0.3826 dividend. The ex-dividend date was Monday, June 10th. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s payout ratio is 18.65%.

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.