What’s Propelling Adecoagro S.A.HARES (NYSE:AGRO) After Higher Shorts Reported?

June 17, 2018 - By Kurt Siggers

The stock of Adecoagro S.A.HARES (NYSE:AGRO) registered an increase of 11.52% in short interest. AGRO’s total short interest was 1.15M shares in June as published by FINRA. Its up 11.52% from 1.03 million shares, reported previously. With 461,000 shares average volume, it will take short sellers 3 days to cover their AGRO’s short positions. The short interest to Adecoagro S.A.HARES’s float is 1.34%.

The stock increased 0.61% or $0.05 during the last trading session, reaching $8.3. About 436,680 shares traded. Adecoagro S.A. (NYSE:AGRO) has declined 27.84% since June 17, 2017 and is downtrending. It has underperformed by 40.41% the S&P500.

Adecoagro S.A., 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 has market cap of $982.90 million. The firm 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. It has a 84.69 P/E ratio. It also engages in planting, harvesting, processing, and marketing rice; and producing and selling fluid milk and other dairy products.

Adecoagro S.A. (NYSE:AGRO) Ratings Coverage

Among 2 analysts covering Adecoagro (NYSE:AGRO), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Adecoagro had 2 analyst reports since April 4, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, April 4 by J.P. Morgan. JP Morgan downgraded the shares of AGRO in report on Wednesday, April 4 to “Neutral” rating.

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