Short Interest Worth Watching: After Reaching Milestone, Is Adecoagro SA (NYSE:AGRO)’s Short Interest Revealing Something?

November 23, 2016 - By Vivian Park   ·   0 Comments

Short Interest Worth Watching: After Reaching Milestone, Is Adecoagro SA (NYSE:AGRO)’s Short Interest Revealing Something?

The stock of Adecoagro SA (NYSE:AGRO) registered a decrease of 6.01% in short interest. AGRO’s total short interest was 1.61M shares in November as published by FINRA. Its down 6.01% from 1.71 million shares, reported previously. With 248,700 shares average volume, it will take short sellers 7 days to cover their AGRO’s short positions. The short interest to Adecoagro SA’s float is 1.77%. About 528,667 shares traded hands or 75.84% up from the average. Adecoagro SA (NYSE:AGRO) has declined 2.78% since April 21, 2016 and is downtrending. It has underperformed by 8.11% the S&P500.

Adecoagro S.A. is a holding company

Adecoagro SA (NYSE:AGRO) Ratings Coverage

Out of 3 analysts covering Adecoagro S.A. (NYSE:AGRO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Adecoagro S.A. has been the topic of 4 analyst reports since September 28, 2015 according to StockzIntelligence Inc. On Tuesday, December 15 the stock rating was upgraded by Bank of America to “Buy”. The firm earned “Overweight” rating on Monday, September 28 by JP Morgan. Morgan Stanley maintained the stock with “Overweight” rating in Monday, November 23 report.

AGRO Company Profile

Adecoagro S.A., incorporated on June 17, 2010, is a holding firm primarily engaged through its operating subsidiaries in agricultural and agro-industrial activities. The Firm 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 Firm is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. The Company’s agricultural activities consist of harvesting certain agricultural products, including crops (soybeans, corn and wheat), rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. The Company’s manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company’s land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land and implementing production technology and agricultural practices to enhance yields and increase the value of the land.

More news for Adecoagro SA (NYSE:AGRO) were recently published by: Reuters.com, which released: “BRIEF-Adecoagro SA Q3 sales rose 44.5 percent to $246.4 million” on November 14, 2016. Equitiesfocus.com‘s article titled: “Adecoagro S.A. (NYSE:AGRO) Quarterly EPS From Continuing Operations Stands At …” and published on November 23, 2016 is yet another important article.

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By Vivian Park


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