Lavoro Limited (NASDAQ:LVRO) Sees Significant Increase in Short Interest

Lavoro Limited (NASDAQ:LVRO) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 69,900 shares, a growth of 21.4% from the October 31st total of 57,600 shares. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is presently 6.9 days. Currently, 1.2% of the shares of the company are short sold.

Lavoro Price Performance

Shares of NASDAQ LVRO opened at $5.06 on Monday. The stock has a market cap of $590.04 million, a P/E ratio of -3.75 and a beta of 0.15. The firm’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $4.94. Lavoro has a fifty-two week low of $3.42 and a fifty-two week high of $9.00. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. The company had revenue of $271.10 million for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. Equities analysts expect that Lavoro will post -1.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer cut their price target on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.