Adecoagro S.A.HARES (NYSE:AGRO) on Focus After Report of More Shorts

May 15, 2018 - By Clifton Ray

The stock of Adecoagro S.A.HARES (NYSE:AGRO) registered an increase of 11.52% in short interest. AGRO’s total short interest was 1.15 million shares in May as published by FINRA. Its up 11.52% from 1.03M 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 2.12% or $0.16 during the last trading session, reaching $7.7. About 328,773 shares traded. Adecoagro S.A. (NYSE:AGRO) has declined 35.92% since May 15, 2017 and is downtrending. It has underperformed by 47.47% 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 $911.85 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 93.9 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 rating was downgraded by J.P. Morgan to “Hold” on Wednesday, April 4. JP Morgan downgraded the shares of AGRO in report on Wednesday, April 4 to “Neutral” rating.

Another recent and important Adecoagro S.A. (NYSE:AGRO) news was published by Seekingalpha.com which published an article titled: “Adecoagro’s (AGRO) CEO Mariano Bosch on Q1 2018 Results – Earnings Call Transcript” on May 15, 2018.

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