Short Interest in BRF SA (BRFS) Grows By 41.5%

BRF SA (NYSE:BRFS) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 9,968,175 shares, an increase of 41.5% from the February 15th total of 7,045,948 shares. Based on an average trading volume of 3,157,364 shares, the short-interest ratio is presently 3.2 days.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ellington Management Group LLC purchased a new stake in BRF in the 4th quarter worth $114,000. ING Groep NV purchased a new stake in BRF in the 4th quarter worth $146,000. Gould Asset Management LLC CA increased its holdings in BRF by 56.0% in the 4th quarter. Gould Asset Management LLC CA now owns 19,621 shares of the company’s stock worth $221,000 after acquiring an additional 7,045 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in BRF in the 3rd quarter worth $240,000. Finally, D.A. Davidson & CO. increased its holdings in BRF by 35.6% in the 3rd quarter. D.A. Davidson & CO. now owns 22,140 shares of the company’s stock worth $319,000 after acquiring an additional 5,815 shares in the last quarter. 7.60% of the stock is owned by institutional investors.

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Shares of NYSE:BRFS traded up $0.04 during trading on Friday, hitting $6.64. 4,211,093 shares of the stock traded hands, compared to its average volume of 2,566,451. The company has a quick ratio of 0.85, a current ratio of 1.29 and a debt-to-equity ratio of 1.32. BRF has a 52-week low of $6.35 and a 52-week high of $15.50.

BRF (NYSE:BRFS) last posted its earnings results on Thursday, February 22nd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.09). The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.88 billion. BRF had a negative net margin of 3.38% and a negative return on equity of 3.17%. analysts forecast that BRF will post 0.41 EPS for the current fiscal year.

Several analysts have commented on the stock. Zacks Investment Research cut shares of BRF from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. JPMorgan Chase lowered shares of BRF from an “overweight” rating to a “neutral” rating in a report on Friday, February 23rd. UBS lowered shares of BRF from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet lowered shares of BRF from a “c-” rating to a “d+” rating in a report on Thursday, February 8th. Finally, Bank of America lowered shares of BRF from a “buy” rating to a “neutral” rating in a report on Tuesday, March 6th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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About BRF

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

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