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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 584,300 shares, a drop of 18.6% from the December 31st total of 717,500 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 199,600 shares, the short-interest ratio is presently 2.9 days.

Bioceres Crop Solutions Price Performance

Shares of Bioceres Crop Solutions stock traded down $0.14 during trading hours on Friday, reaching $6.85. The stock had a trading volume of 138,554 shares, compared to its average volume of 187,757. The stock’s 50 day moving average is $6.69 and its 200 day moving average is $8.00. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. Bioceres Crop Solutions has a twelve month low of $5.71 and a twelve month high of $14.05. The firm has a market capitalization of $429.56 million, a PE ratio of 342.67 and a beta of 0.56.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its quarterly earnings results 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 business had revenue of $92.60 million during the quarter, compared to analyst estimates of $117.15 million. During the same period in the previous year, the company posted ($0.07) EPS. Equities analysts expect that Bioceres Crop Solutions will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group lowered their price target on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Oppenheimer lowered their target price on Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $11.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fourth Sail Capital LP increased its holdings in Bioceres Crop Solutions by 61.6% in 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. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 29,693 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bioceres Crop Solutions by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock worth $688,000 after purchasing an additional 5,341 shares in the last quarter. Ping Capital Management Inc. raised its position in shares of Bioceres Crop Solutions by 7.3% during the 4th quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock worth $268,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Bioceres Crop Solutions by 33.4% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

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.