Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Sees Significant 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 15th, there was short interest totalling 682,900 shares, a decline of 6.6% from the May 31st total of 731,100 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 184,700 shares, the short-interest ratio is currently 3.7 days.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 1.6 %

Shares of NASDAQ:CRESY traded up $0.13 during trading on Wednesday, reaching $8.05. The stock had a trading volume of 102,687 shares, compared to its average volume of 186,618. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52 week low of $6.16 and a 52 week high of $10.75. The firm’s fifty day moving average is $9.12 and its 200 day moving average is $8.92. The stock has a market cap of $477.69 million, a price-to-earnings ratio of 4.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 1.08.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its earnings results on Friday, May 10th. The company reported ($1.05) EPS for 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%. The firm had revenue of $168.31 million during the quarter.

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at $35,000. Deuterium Capital Management LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter worth about $92,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter worth about $104,000. Meixler Investment Management Ltd. bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter worth about $173,000. Finally, Russell Investments Group Ltd. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 4th quarter valued at about $306,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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.