Trading volume for Adecoagro S.A. was 1,954K by the end of trading on Wednesday. Shares saw a steep increase in trading volume of 120.18% over the normal average daily volume.
Traders are more bearish on Adecoagro S.A. of late considering the motion in short interest. The stock experienced a rise in short interest between October 13, 2017 and October 31, 2017 of 30.79%. Short interest grew from 207,093 to 270,851 over that period. With short interest at 270,851 and short average daily volume at 535,600, days to cover is 1.0 and the percentage of shorted shares was 0.00% on October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (AGRO). As of the end of the quarter Millennium Management LLC had bought a total of 522,439 shares growing its holdings by 255.3%. The value of the investment in (AGRO) went from $2,044,000 to $7,852,000 increasing 284.1% for the reporting period. As of quarter end Goldman Sachs Group Inc had acquired 956,088 shares growing its position 3,876.9%. The value of the total investment in Adecoagro S.A. increased from $246,000 to $10,592,000 a change of 4,205.7% quarter over quarter.
Renaissance Technologies LLC augmented its investment by buying 289,166 shares an increase of 41.7% as of 09/30/2017. Renaissance Technologies LLC controls 982,200 shares with a value of $10,608,000. The value of the position overall is up by 53.2%. As of the end of the quarter EMS Capital LP had bought a total of 26,100 shares growing its stake by 0.4%. The value in dollars increased from $70,804,000 to $76,826,000 a change of $6,022,000 quarter to quarter.
In the market the company is trading up since yesterday’s close of 8.63. The most current P/E ratio is 40.61 and market capitalization is 1.08B. In the latest earnings report the EPS was $0.22 with 120.80M shares outstanding.
Adecoagro S.A., launched on June 17, 2010, is a holding company primarily engaged through its operating subsidiaries in agricultural and agro-industrial activities. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. Its agricultural activities consist of harvesting certain agricultural products, including crops (soybeans, corn and wheat), rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. The Business’s manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. Its land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land and implementing production technology and agricultural practices to enhance yields and increase the value of the land..