Cyrela Brazil Realty SA (OTCMKTS:CYRBY) Short Interest Down 69.7% in August

Cyrela Brazil Realty SA (OTCMKTS:CYRBY) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 19,933 shares, a decline of 69.7% from the August 15th total of 65,867 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,651 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Cyrela Brazil Realty to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Cyrela Brazil Realty Stock Up 7.6%

CYRBY stock traded up $0.38 during midday trading on Friday, hitting $5.39. The company’s stock had a trading volume of 1,328 shares, compared to its average volume of 20,295. The firm’s 50-day moving average is $4.48 and its 200-day moving average is $4.82. The company has a current ratio of 9.04, a quick ratio of 9.04 and a debt-to-equity ratio of 0.26. Cyrela Brazil Realty has a 12 month low of $3.65 and a 12 month high of $7.92. The company has a market cap of $2.07 billion, a PE ratio of 5.73 and a beta of 0.60.

Cyrela Brazil Realty Company Profile

Cyrela Brazil Realty SA Empreendimentos e Participações is a Brazilian real estate development and construction company headquartered in São Paulo. Founded in 1962, the company develops, builds and sells residential properties in Brazil, with projects spanning multiple segments of the housing market.

The company operates through brands that serve different customer groups, including Cyrela for higher-end residential developments, Living for the middle-income market and Vivaz for more affordable housing.