SLC Agrícola S.A. (OTCMKTS:SLCJY) Stock Short Interest Climbs 124.6%

SLC Agrícola S.A. (OTCMKTS:SLCJY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,774 shares, a growth of 124.6% from the September 30th total of 1,680 shares. Based on an average trading volume of 11,345 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of SLC Agrícola to a “hold” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

SLC Agrícola Trading Up 2.3%

Shares of OTCMKTS:SLCJY opened at $3.08 on Friday. SLC Agrícola has a one year low of $2.40 and a one year high of $3.94. The stock has a fifty day moving average of $3.30 and a 200-day moving average of $3.14.

About SLC Agrícola

SLC Agrícola SA is a Brazilian agricultural company engaged primarily in the production of soybeans, cotton and corn. The company operates large-scale farms and applies mechanized farming, precision agriculture and technology-driven production methods across its operations.

Founded in 1977, SLC Agrícola is headquartered in Porto Alegre, Brazil, and has developed a portfolio of agricultural properties in Brazil’s principal farming regions, including areas of the Cerrado. Its operations span multiple Brazilian states, supporting the cultivation of export-oriented commodities for domestic and international markets.

In addition to crop production, the company is involved in activities associated with cotton processing and the commercialization of agricultural products.