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

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

Bioceres Crop Solutions Stock Performance

NASDAQ:BIOX traded down $0.02 during midday trading on Friday, reaching $6.89. The stock had a trading volume of 123,341 shares, compared to its average volume of 134,753. Bioceres Crop Solutions has a 1-year low of $5.71 and a 1-year high of $14.05. The firm’s fifty day simple moving average is $6.58 and its 200-day simple moving average is $8.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 0.87. The stock has a market capitalization of $433.04 million, a P/E ratio of 344.67 and a beta of 0.56.

Bioceres Crop Solutions (NASDAQ:BIOX) last posted its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) 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 firm had revenue of $92.60 million during the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, equities research analysts forecast that Bioceres Crop Solutions will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Oppenheimer dropped 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 dropped 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 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 stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $12.13.

Institutional Trading of Bioceres Crop Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp boosted its position 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 valued at $321,000 after acquiring an additional 10,224 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 5,341 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bioceres Crop Solutions by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock valued at $708,000 after acquiring an additional 29,693 shares in the last quarter. Long Focus Capital Management LLC boosted its position in shares of Bioceres Crop Solutions by 19.9% during the 2nd quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock valued at $3,145,000 after acquiring an additional 46,647 shares in the last quarter. Finally, Fourth Sail Capital LP boosted its position 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. 17.68% of the stock is currently owned by institutional investors and hedge funds.

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.