BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Short Interest Down 21.5% in October

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 124,500 shares, a decline of 21.5% from the October 15th total of 158,500 shares. Based on an average daily trading volume, of 51,400 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock. Renaissance Technologies LLC lifted its holdings in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,735 shares of the company’s stock after purchasing an additional 8,235 shares during the period. Renaissance Technologies LLC owned 0.07% of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas worth $335,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Stock Up 0.6 %

Shares of NYSE:LND traded up $0.02 during midday trading on Friday, hitting $4.18. The stock had a trading volume of 37,664 shares, compared to its average volume of 70,045. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a 12 month low of $4.02 and a 12 month high of $5.55. The business’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.68. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.39. The company has a market cap of $428.69 million, a P/E ratio of 7.88 and a beta of 0.83.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) last issued its earnings results on Wednesday, November 6th. The company reported $0.17 EPS for the quarter. The firm had revenue of $82.46 million during the quarter.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.