Adecoagro S.A. (AGRO) Short Interest Down 50.8% in July

Adecoagro S.A. (NYSE:AGRO) was the target of a large decline in short interest in the month of July. As of July 14th, there was short interest totalling 439,213 shares, a decline of 50.8% from the June 30th total of 893,168 shares. Based on an average daily volume of 701,280 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

A number of research firms have issued reports on AGRO. BidaskClub downgraded Adecoagro from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, ValuEngine downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Institutional investors have recently made changes to their positions in the company. Cutler Group LP increased its position in shares of Adecoagro by 515.2% in the second quarter. Cutler Group LP now owns 11,074 shares of the company’s stock worth $110,000 after buying an additional 9,274 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Adecoagro during the second quarter worth approximately $127,000. HighTower Advisors LLC bought a new position in shares of Adecoagro during the second quarter worth approximately $129,000. Acrospire Investment Management LLC bought a new position in shares of Adecoagro during the first quarter worth approximately $140,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Adecoagro during the first quarter worth approximately $143,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Adecoagro (NYSE AGRO) opened at 9.99 on Friday. The company has a 50-day moving average price of $10.03 and a 200-day moving average price of $11.05. The stock has a market capitalization of $1.21 billion, a PE ratio of 45.41 and a beta of 1.09. Adecoagro has a 12-month low of $9.38 and a 12-month high of $13.29.

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Adecoagro Company Profile

Adecoagro SA is a holding company. The Company 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 Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.

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