Short Interest Watching: Will Cresud Sacip YA Adr (NASDAQ:CRESY) Run Out of Steam Soon? Short Interest Is Down

November 30, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Watching: Will Cresud Sacip YA Adr (NASDAQ:CRESY) Run Out of Steam Soon? Short Interest Is Down

The stock of Cresud Sacip YA Adr (NASDAQ:CRESY) registered a decrease of 8.71% in short interest. CRESY’s total short interest was 256,900 shares in November as published by FINRA. Its down 8.71% from 281,400 shares, reported previously. With 103,300 shares average volume, it will take short sellers 3 days to cover their CRESY’s short positions. The short interest to Cresud Sacip YA Adr’s float is 0.77%. About 5,775 shares traded hands. Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) has risen 50.18% since April 27, 2016 and is uptrending. It has outperformed by 44.96% the S&P500.

Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria is an agricultural firm engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. The company has a market cap of $840.81 million. In addition, the Company leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant. It currently has negative earnings. It operates in two businesses areas, namely, Agricultural and Investment and Development Properties.

CRESY Company Profile

Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria, incorporated on February 19, 1937, is an agricultural firm engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. The Firm is involved in various farming activities, including grains and sugarcane production, beef cattle raising and milk production. In addition, it leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant. It is also directly engaged in the Argentine real estate business through its subsidiary Inversiones y Representaciones Sociedad Anonima (IRSA), a real estate company. IRSA is engaged in the development, acquisition and operation of shopping centers, offices and hotels in Argentina, as well as the development of residential properties. It operates in two businesses areas, namely, Agricultural and Investment and Development Properties. The Company’s crop production is mainly based on grains and oilseeds, and sugarcane.

More recent Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “The ‘Trump Effect’ On Latin America, Explained” with publication date: November 28, 2016 was also an interesting one.

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By Marguerite Chambers


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