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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 717,500 shares, a growth of 10.7% from the December 31st 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BIOX shares. Oppenheimer lowered their price objective on Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Canaccord Genuity Group lowered their target price on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Bioceres Crop Solutions has an average rating of “Buy” and an average target price of $11.88.

Bioceres Crop Solutions Price Performance

NASDAQ BIOX traded down $0.30 during trading hours on Monday, hitting $6.55. 100,464 shares of the company’s stock traded hands, compared to its average volume of 204,094. Bioceres Crop Solutions has a 52-week low of $5.71 and a 52-week high of $14.05. The company has a market capitalization of $410.75 million, a PE ratio of 327.66 and a beta of 0.57. The firm’s 50-day moving average is $6.69 and its 200-day moving average is $7.95. 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 posted its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). The business had revenue of $92.60 million during the quarter, compared to analysts’ expectations of $117.15 million. Bioceres Crop Solutions had a net margin of 0.53% and a return on equity of 0.68%. During the same period in the previous year, the business posted ($0.07) EPS. Equities analysts forecast that Bioceres Crop Solutions will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ping Capital Management Inc. increased its stake 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 in the last quarter. Stifel Financial Corp increased its holdings in shares of Bioceres Crop Solutions by 33.4% during the 3rd quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after buying an additional 10,224 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 5,341 shares during the last quarter. JPMorgan Chase & Co. raised 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 during the period. Finally, Fourth Sail Capital LP lifted its holdings 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 valued at $24,957,000 after acquiring an additional 1,209,277 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.