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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a large increase in short interest in 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. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 193,500 shares, the short-interest ratio is presently 3.7 days.

Institutional Investors Weigh In On Bioceres Crop Solutions

A number of large investors have recently made changes to their positions in BIOX. Stifel Financial Corp increased its stake in Bioceres Crop Solutions by 33.4% in the 3rd quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock valued at $321,000 after buying an additional 10,224 shares during the period. Dimensional Fund Advisors LP increased its stake in Bioceres Crop Solutions by 9.5% in 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 during the period. JPMorgan Chase & Co. increased its stake in Bioceres Crop Solutions by 49.3% in the 3rd 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. Long Focus Capital Management LLC increased its stake in Bioceres Crop Solutions by 19.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock valued at $3,145,000 after buying an additional 46,647 shares during the period. Finally, Fourth Sail Capital LP increased its stake in Bioceres Crop Solutions by 61.6% in the 3rd quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock valued at $24,957,000 after buying an additional 1,209,277 shares during the period. Institutional investors and hedge funds own 17.68% of the company’s stock.

Bioceres Crop Solutions Trading Down 0.3 %

Shares of BIOX stock traded down $0.02 during trading hours on Friday, reaching $6.89. 123,341 shares of the stock traded hands, 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 business has a fifty day moving average price of $6.58 and a 200 day moving average price of $8.27. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. 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 (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 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 for the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. On average, equities research analysts forecast that Bioceres Crop Solutions will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canaccord Genuity Group cut their target price on shares of Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Oppenheimer cut their target price on shares of 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. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $12.13.

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.