Adecoagro SA (AGRO) Short Interest Update
Adecoagro SA (NYSE:AGRO) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 1,857,284 shares, an increase of 53.6% from the September 15th total of 1,209,019 shares. Based on an average daily trading volume, of 604,651 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.6% of the shares of the stock are sold short.
A number of institutional investors have recently added to or reduced their stakes in AGRO. BlackRock Group LTD boosted its stake in shares of Adecoagro SA by 267.1% in the first quarter. BlackRock Group LTD now owns 873,359 shares of the company’s stock worth $10,088,000 after buying an additional 635,426 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Adecoagro SA by 70.1% in the first quarter. Renaissance Technologies LLC now owns 1,380,000 shares of the company’s stock worth $15,939,000 after buying an additional 568,800 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Adecoagro SA by 49.0% in the second quarter. Manning & Napier Advisors LLC now owns 1,564,750 shares of the company’s stock worth $17,163,000 after buying an additional 514,390 shares during the last quarter. Prince Street Capital Management LLC boosted its stake in shares of Adecoagro SA by 116.9% in the second quarter. Prince Street Capital Management LLC now owns 692,000 shares of the company’s stock worth $7,591,000 after buying an additional 373,000 shares during the last quarter. Finally, Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of Adecoagro SA during the second quarter worth about $3,528,000. 60.89% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Adecoagro SA from a “sell” rating to a “hold” rating in a research note on Friday, September 9th.
Adecoagro SA (NYSE:AGRO) opened at 11.35 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 112.38 and a beta of 1.06. Adecoagro SA has a 52 week low of $8.80 and a 52 week high of $13.42. The stock has a 50 day moving average of $10.95 and a 200-day moving average of $10.83.
Adecoagro SA (NYSE:AGRO) last released its quarterly earnings data on Friday, August 12th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.21. Adecoagro SA had a negative return on equity of 2.37% and a negative net margin of 2.43%. Analysts expect that Adecoagro SA will post $0.44 earnings per share for the current year.
About Adecoagro SA
Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.
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