Trading Report: The Adecoagro SA (AGRO) Short Interest Update

The Adecoagro SA (AGRO) Short Interest Update

Adecoagro SA (NYSE:AGRO) saw a significant increase in short interest in the month of 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. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 604,651 shares, the days-to-cover ratio is currently 3.1 days.

Adecoagro SA (NYSE:AGRO) opened at 11.35 on Tuesday. Adecoagro SA has a 1-year low of $8.80 and a 1-year high of $13.42. The company has a 50-day moving average price of $10.95 and a 200-day moving average price of $10.83. The firm has a market cap of $1.38 billion, a P/E ratio of 112.38 and a beta of 1.06.

Adecoagro SA (NYSE:AGRO) last announced its earnings results on Friday, August 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.21. Adecoagro SA had a negative net margin of 2.43% and a negative return on equity of 2.37%. On average, equities research analysts forecast that Adecoagro SA will post $0.44 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Adecoagro SA during the second quarter valued at about $139,000. Simplex Trading LLC purchased a new position in Adecoagro SA during the third quarter valued at $165,000. Cipher Capital LP purchased a new position in Adecoagro SA during the second quarter valued at $292,000. Marshall Wace LLP purchased a new position in Adecoagro SA during the second quarter valued at $295,000. Finally, Cambiar Investors LLC increased its position in Adecoagro SA by 15.3% in the second quarter. Cambiar Investors LLC now owns 33,400 shares of the company’s stock valued at $366,000 after buying an additional 4,430 shares during the last quarter. 60.89% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Adecoagro SA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th.

Adecoagro SA Company Profile

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