Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Update

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 752,600 shares, a growth of 20.7% from the October 15th total of 623,600 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 145,200 shares, the days-to-cover ratio is presently 5.2 days.

Bioceres Crop Solutions Stock Performance

BIOX traded down $0.25 on Friday, reaching $6.17. The stock had a trading volume of 232,760 shares, compared to its average volume of 202,429. Bioceres Crop Solutions has a 12-month low of $5.71 and a 12-month high of $14.05. The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The company has a market cap of $387.78 million, a P/E ratio of 308.65 and a beta of 0.49. The business’s 50-day moving average price is $7.50 and its two-hundred day moving average price is $9.75.

Bioceres Crop Solutions (NASDAQ:BIOX) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). Bioceres Crop Solutions had a return on equity of 0.68% and a net margin of 0.53%. The company had revenue of $92.60 million for the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Sell-side analysts forecast that Bioceres Crop Solutions will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BIOX shares. Roth Mkm reduced their target price on Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Canaccord Genuity Group reduced their price target on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Wednesday. Lake Street Capital decreased their target price on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Oppenheimer decreased their price objective on Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Bioceres Crop Solutions presently has an average rating of “Buy” and a consensus target price of $12.13.

Institutional Trading of Bioceres Crop Solutions

Several large investors have recently made changes to their positions in BIOX. Oppenheimer & Co. Inc. purchased a new position in Bioceres Crop Solutions in the 1st quarter valued at $139,000. Lazard Asset Management LLC purchased a new position in shares of Bioceres Crop Solutions in the first quarter worth about $212,000. Stifel Financial Corp boosted its position in Bioceres Crop Solutions by 33.4% during the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after acquiring an additional 10,224 shares during the last quarter. Ping Capital Management Inc. acquired a new position in Bioceres Crop Solutions during the second quarter worth about $448,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Bioceres Crop Solutions in the 2nd quarter valued at about $472,000. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.