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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 145,200 shares, the days-to-cover ratio is currently 5.2 days. Approximately 2.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research firms have issued reports on BIOX. Lake Street Capital decreased their price objective on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Canaccord Genuity Group lowered their price objective on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Wednesday. 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 raised Bioceres Crop Solutions to a “strong-buy” rating in a research note on Friday, July 19th. Finally, Roth Mkm dropped their price target on Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bioceres Crop Solutions has a consensus rating of “Buy” and an average target price of $12.13.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of institutional investors have recently bought and sold shares of BIOX. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Bioceres Crop Solutions in the 2nd quarter valued at $472,000. Fourth Sail Capital LP raised its holdings in Bioceres Crop Solutions by 20.5% in the 2nd quarter. Fourth Sail Capital LP now owns 1,961,825 shares of the company’s stock valued at $21,992,000 after buying an additional 334,195 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Bioceres Crop Solutions in the first quarter valued at about $139,000. Ping Capital Management Inc. purchased a new position in Bioceres Crop Solutions during the second quarter worth about $448,000. Finally, Lazard Asset Management LLC purchased a new position in Bioceres Crop Solutions during the first quarter worth about $212,000. 17.68% of the stock is owned by hedge funds and other institutional investors.

Bioceres Crop Solutions Price Performance

BIOX traded down $0.25 during trading on Friday, reaching $6.17. The company’s stock had a trading volume of 232,760 shares, compared to its average volume of 90,121. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $7.50 and a two-hundred day simple moving average of $9.76. The company has a market cap of $387.78 million, a price-to-earnings ratio of 308.65 and a beta of 0.49. Bioceres Crop Solutions has a 1 year low of $5.71 and a 1 year high of $14.05.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its 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). The company 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 quarter in the previous year, the company earned ($0.07) earnings per share. As a group, analysts anticipate that Bioceres Crop Solutions will post 0.33 EPS for the current year.

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.