What Next for Adecoagro S.A.HARES (NYSE:AGRO) Stock After Increase in Shorted Shares?

April 17, 2018 - By Michael Collier

The stock of Adecoagro S.A.HARES (NYSE:AGRO) registered an increase of 101.72% in short interest. AGRO’s total short interest was 1.04 million shares in April as published by FINRA. Its up 101.72% from 517,200 shares, reported previously. With 772,800 shares average volume, it will take short sellers 1 days to cover their AGRO’s short positions. The short interest to Adecoagro S.A.HARES’s float is 1.22%.

The stock increased 2.34% or $0.18 during the last trading session, reaching $8.05. About 191,174 shares traded. Adecoagro S.A. (NYSE:AGRO) has declined 35.92% since April 17, 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 $953.75 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 98.22 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. J.P. Morgan downgraded it to “Hold” rating and $8.5000 target in Wednesday, April 4 report. JP Morgan downgraded the shares of AGRO in report on Wednesday, April 4 to “Neutral” rating.

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