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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 752,600 shares, an increase of 20.7% from the October 15th total of 623,600 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 145,200 shares, the short-interest ratio is presently 5.2 days.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BIOX. Oppenheimer lowered their price objective on Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Canaccord Genuity Group reduced 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. Lake Street Capital dropped their price target on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Roth Mkm decreased their price objective on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Bioceres Crop Solutions currently has a consensus rating of “Buy” and a consensus price target of $12.13.

Bioceres Crop Solutions Trading Down 3.9 %

Shares of NASDAQ BIOX traded down $0.25 during trading hours on Friday, reaching $6.17. The stock had a trading volume of 232,760 shares, compared to its average volume of 202,429. Bioceres Crop Solutions has a 52-week low of $5.71 and a 52-week high of $14.05. The firm has a market cap of $387.78 million, a price-to-earnings ratio of 308.65 and a beta of 0.49. The business’s fifty day moving average price is $7.50 and its two-hundred day moving average price is $9.75. The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37.

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 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 analysts’ expectations of $117.15 million. During the same period last year, the company earned ($0.07) earnings per share. Analysts expect that Bioceres Crop Solutions will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. purchased a new position in Bioceres Crop Solutions in the first quarter valued at about $139,000. Lazard Asset Management LLC acquired a new stake in Bioceres Crop Solutions in the first quarter valued at approximately $212,000. Stifel Financial Corp grew its holdings in Bioceres Crop Solutions by 33.4% in the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after purchasing an additional 10,224 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Bioceres Crop Solutions during the 2nd quarter valued at $448,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Bioceres Crop Solutions in the 2nd quarter worth $472,000. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

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.