Short Interest in Adecoagro S.A. (NYSE:AGRO) Drops By 22.7%

Adecoagro S.A. (NYSE:AGRO) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 932,160 shares, a decline of 22.7% from the January 15th total of 1,206,161 shares. Based on an average daily volume of 539,638 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 539,638 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Zacks Research raised Adecoagro from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, January 21st. Truist Financial set a $9.00 price objective on Adecoagro in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Adecoagro has a consensus rating of “Reduce” and an average target price of $8.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC bought a new stake in Adecoagro in the fourth quarter valued at approximately $88,000. Jeppson Wealth Management LLC bought a new position in Adecoagro during the third quarter worth about $124,000. State of Wyoming lifted its holdings in Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after acquiring an additional 5,334 shares in the last quarter. Savant Capital LLC bought a new position in Adecoagro during the fourth quarter worth about $159,000. Finally, R Squared Ltd grew its stake in Adecoagro by 61.1% in the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after acquiring an additional 8,462 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Trading Down 0.3%

Shares of Adecoagro stock traded down $0.03 during trading on Friday, reaching $8.65. 400,496 shares of the company were exchanged, compared to its average volume of 474,127. The business has a 50-day moving average price of $8.26 and a 200-day moving average price of $8.22. The firm has a market capitalization of $865.28 million, a price-to-earnings ratio of 37.59 and a beta of 0.45. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. Adecoagro has a twelve month low of $6.89 and a twelve month high of $11.78.

Adecoagro (NYSE:AGRO) last released its earnings results on Monday, December 1st. The company reported $0.00 earnings per share for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%.The firm had revenue of $304.21 million for the quarter. Sell-side analysts anticipate that Adecoagro will post 1.24 EPS for the current fiscal year.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.