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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a significant growth in short interest during the month of 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 trading volume, of 193,500 shares, the short-interest ratio is presently 3.7 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Bioceres Crop Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of 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 period. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 5,341 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Bioceres Crop Solutions by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock worth $708,000 after buying an additional 29,693 shares during the period. Long Focus Capital Management LLC raised its holdings in Bioceres Crop Solutions by 19.9% during the second 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 during the period. Finally, Fourth Sail Capital LP lifted its position in shares of Bioceres Crop Solutions by 61.6% in the third 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. Institutional investors own 17.68% of the company’s stock.

Bioceres Crop Solutions Stock Performance

Shares of BIOX stock traded down $0.02 during mid-day trading on Friday, reaching $6.89. 123,341 shares of the company’s stock traded hands, compared to its average volume of 134,753. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.27. The firm has a market capitalization of $433.04 million, a PE ratio of 344.67 and a beta of 0.56. Bioceres Crop Solutions has a 12 month low of $5.71 and a 12 month high of $14.05. The firm has a 50 day moving average price of $6.58 and a two-hundred day moving average price of $8.28.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $117.15 million. During the same period in the prior year, the firm posted ($0.07) EPS. On average, research analysts forecast that Bioceres Crop Solutions will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

BIOX has been the subject of a number of research analyst reports. Oppenheimer reduced their target price on Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Canaccord Genuity Group reduced their price objective on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a report 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, the stock has a consensus rating of “Buy” and an average target price of $12.13.

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.