Adecoagro (AGRO) Short Interest Up 101.7% in March

Adecoagro (NYSE:AGRO) was the target of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 1,043,317 shares, an increase of 101.7% from the March 15th total of 517,168 shares. Based on an average daily volume of 772,777 shares, the short-interest ratio is presently 1.4 days. Approximately 0.9% of the shares of the company are sold short.

Adecoagro stock opened at $8.02 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 1.03. Adecoagro has a 1-year low of $7.22 and a 1-year high of $11.92. The company has a market capitalization of $962.69, a P/E ratio of 100.25 and a beta of 1.12.

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A number of research firms have recently issued reports on AGRO. Zacks Investment Research raised Adecoagro from a “strong sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase lowered Adecoagro from an “overweight” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Wednesday, April 4th. UBS downgraded Adecoagro from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 15th. Finally, ValuEngine downgraded Adecoagro from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.00.



Several institutional investors have recently bought and sold shares of the stock. EMS Capital LP boosted its stake in shares of Adecoagro by 19.0% in the fourth quarter. EMS Capital LP now owns 8,462,958 shares of the company’s stock valued at $87,507,000 after buying an additional 1,349,400 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of Adecoagro by 26.0% in the fourth quarter. Brandes Investment Partners LP now owns 2,028,604 shares of the company’s stock valued at $20,976,000 after buying an additional 418,316 shares in the last quarter. Compass Group LLC purchased a new stake in shares of Adecoagro in the fourth quarter valued at approximately $9,839,000. Global X Management Co. LLC boosted its stake in shares of Adecoagro by 22.6% in the fourth quarter. Global X Management Co. LLC now owns 469,312 shares of the company’s stock valued at $4,853,000 after buying an additional 86,510 shares in the last quarter. Finally, Highland Capital Management LP boosted its stake in shares of Adecoagro by 2.8% in the fourth quarter. Highland Capital Management LP now owns 389,822 shares of the company’s stock valued at $4,031,000 after buying an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

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About Adecoagro

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company is involved in planting, harvesting, and selling grains, oilseeds, and fibers, including wheat, corn, soybeans, cotton, sunflowers, and others; and providing grain warehousing/conditioning, and handling and drying services to third parties.

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