BRF SA (BRFS) Short Interest Down 27.0% in October
BRF SA (NYSE:BRFS) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 7,715,915 shares, a decline of 27.0% from the October 14th total of 10,570,721 shares. Based on an average daily trading volume, of 1,304,277 shares, the days-to-cover ratio is presently 5.9 days. Approximately 0.9% of the shares of the stock are short sold.
Shares of BRF SA (NYSE:BRFS) opened at 15.06 on Wednesday. The stock has a market capitalization of $12.03 billion, a P/E ratio of 25.66 and a beta of 0.85. The company has a 50 day moving average price of $16.77 and a 200-day moving average price of $15.46. BRF SA has a 1-year low of $11.05 and a 1-year high of $18.12.
Separately, Zacks Investment Research upgraded BRF SA from a “sell” rating to a “hold” rating in a research note on Thursday, October 13th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. purchased a new position in BRF SA during the second quarter worth approximately $140,000. Charlemagne Capital Ltd. increased its position in BRF SA by 32.7% in the second quarter. Charlemagne Capital Ltd. now owns 10,539 shares of the company’s stock worth $147,000 after buying an additional 2,599 shares in the last quarter. Sei Investments Co. increased its position in BRF SA by 142.4% in the second quarter. Sei Investments Co. now owns 10,756 shares of the company’s stock worth $150,000 after buying an additional 6,319 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in BRF SA by 0.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,109 shares of the company’s stock worth $153,000 after buying an additional 100 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in BRF SA by 31.6% in the second quarter. Global X Management Co. LLC now owns 13,014 shares of the company’s stock worth $181,000 after buying an additional 3,123 shares in the last quarter. 7.80% of the stock is currently owned by institutional investors.
BRF SA Company Profile
BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.
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