Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Sees Large Increase in Short Interest

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 717,500 shares, a growth of 10.7% from the December 15th total of 648,400 shares. Based on an average daily volume of 193,500 shares, the short-interest ratio is currently 3.7 days. Currently, 2.2% of the shares of the company are sold short.

Analyst Ratings Changes

BIOX has been the topic of a number of recent analyst reports. Oppenheimer cut their price target on shares of Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Canaccord Genuity Group reduced their target price on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $12.13.

Bioceres Crop Solutions Stock Down 0.3 %

NASDAQ:BIOX opened at $6.89 on Monday. The firm has a market capitalization of $433.04 million, a P/E ratio of 344.67 and a beta of 0.56. The company’s fifty day moving average price is $6.58 and its 200-day moving average price is $8.27. Bioceres Crop Solutions has a 1-year low of $5.71 and a 1-year high of $14.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 0.87.

Bioceres Crop Solutions (NASDAQ:BIOX) last released 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 net margin of 0.53% and a return on equity of 0.68%. The company had revenue of $92.60 million for the quarter, compared to analysts’ expectations of $117.15 million. During the same quarter in the previous year, the business posted ($0.07) EPS. As a group, equities research analysts anticipate that Bioceres Crop Solutions will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Bioceres Crop Solutions by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after purchasing an additional 5,341 shares in the last quarter. Stifel Financial Corp grew 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 valued at $321,000 after buying an additional 10,224 shares during the period. JPMorgan Chase & Co. increased its holdings in Bioceres Crop Solutions by 49.3% in the third quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock valued at $708,000 after buying an additional 29,693 shares in the last quarter. Long Focus Capital Management LLC raised its position in shares of Bioceres Crop Solutions by 19.9% in the second quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock worth $3,145,000 after acquiring an additional 46,647 shares during the period. Finally, Fourth Sail Capital LP boosted its stake in shares of Bioceres Crop Solutions by 61.6% during the 3rd quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock worth $24,957,000 after acquiring an additional 1,209,277 shares in the last quarter. 17.68% of the stock is owned by institutional investors and hedge funds.

Bioceres Crop Solutions Company Profile

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.