BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Sees Significant Increase in Short Interest

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 60,900 shares, an increase of 12.6% from the July 15th total of 54,100 shares. Based on an average daily trading volume, of 36,000 shares, the days-to-cover ratio is currently 1.7 days.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Trading Down 1.1 %

LND stock traded down $0.05 during midday trading on Friday, hitting $4.69. The company had a trading volume of 34,481 shares, compared to its average volume of 39,375. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.37. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a 52 week low of $4.40 and a 52 week high of $6.00. The stock has a market cap of $481.58 million, a price-to-earnings ratio of 8.87 and a beta of 0.84. The stock’s 50 day moving average price is $4.74 and its 200 day moving average price is $4.83.

Institutional Trading of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

Several large investors have recently modified their holdings of LND. Quadrant Capital Group LLC boosted its position in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 20.7% during the 4th quarter. Quadrant Capital Group LLC now owns 23,366 shares of the company’s stock valued at $123,000 after acquiring an additional 4,001 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas by 12.8% during the second quarter. Renaissance Technologies LLC now owns 72,735 shares of the company’s stock valued at $335,000 after purchasing an additional 8,235 shares in the last quarter. Finally, Glenorchy Capital Ltd purchased a new stake in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas in the fourth quarter worth $242,000. 1.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “hold” rating to a “sell” rating in a research report on Monday, May 13th.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.