Adecoagro S.A. (NYSE:AGRO – Get Rating) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,730,000 shares, a growth of 5.8% from the August 15th total of 2,580,000 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 726,500 shares, the short-interest ratio is currently 3.8 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AGRO. abrdn plc raised its position in Adecoagro by 5,060.7% in the fourth quarter. abrdn plc now owns 665,939 shares of the company’s stock worth $5,114,000 after acquiring an additional 653,035 shares during the period. PEAK6 Investments LLC raised its position in Adecoagro by 20.6% in the fourth quarter. PEAK6 Investments LLC now owns 24,814 shares of the company’s stock worth $191,000 after acquiring an additional 4,241 shares during the period. GSA Capital Partners LLP raised its position in Adecoagro by 860.8% in the fourth quarter. GSA Capital Partners LLP now owns 181,198 shares of the company’s stock worth $1,392,000 after acquiring an additional 162,338 shares during the period. LMR Partners LLP bought a new position in Adecoagro in the fourth quarter worth approximately $94,000. Finally, PDT Partners LLC raised its position in shares of Adecoagro by 45.8% during the 4th quarter. PDT Partners LLC now owns 153,349 shares of the company’s stock valued at $1,178,000 after purchasing an additional 48,149 shares during the period.
Adecoagro Price Performance
AGRO opened at $8.42 on Thursday. The company has a current ratio of 1.74, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66. Adecoagro has a 1-year low of $6.78 and a 1-year high of $13.55. The company has a market capitalization of $937.84 million, a PE ratio of 5.30 and a beta of 1.07. The firm’s 50 day simple moving average is $8.58 and its two-hundred day simple moving average is $9.95.
Adecoagro Company Profile
Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanuts, cotton, sunflowers, and others; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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