Short Interest in Benson Hill, Inc. (NYSE:BHIL) Grows By 13.9%

Benson Hill, Inc. (NYSE:BHIL) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 70,300 shares, an increase of 13.9% from the July 31st total of 61,700 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is currently 1.5 days.

Benson Hill Stock Performance

Shares of NYSE BHIL traded down $0.06 during mid-day trading on Monday, hitting $6.04. The company had a trading volume of 16,900 shares, compared to its average volume of 33,401. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -8.63 and a beta of 2.15. Benson Hill has a 12 month low of $4.41 and a 12 month high of $24.82. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.38 and a quick ratio of 1.86. The firm’s 50 day simple moving average is $10.79 and its two-hundred day simple moving average is $8.29.

Benson Hill (NYSE:BHIL) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($3.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.10) by ($1.17). The company had revenue of $33.77 million during the quarter, compared to the consensus estimate of $24.30 million. Benson Hill had a negative return on equity of 124.29% and a negative net margin of 33.88%. As a group, equities research analysts forecast that Benson Hill will post -12.91 earnings per share for the current year.

Institutional Trading of Benson Hill

Several hedge funds have recently made changes to their positions in the stock. Builders Vision LLC raised its stake in Benson Hill by 1.2% during the 1st quarter. Builders Vision LLC now owns 11,631,755 shares of the company’s stock valued at $2,338,000 after acquiring an additional 138,888 shares in the last quarter. Fortem Financial Group LLC boosted its position in Benson Hill by 53.4% during the first quarter. Fortem Financial Group LLC now owns 2,945,845 shares of the company’s stock valued at $591,000 after purchasing an additional 1,025,345 shares during the last quarter. Sentry LLC acquired a new stake in Benson Hill during the fourth quarter valued at $132,000. Renaissance Technologies LLC lifted its position in shares of Benson Hill by 27.9% in the second quarter. Renaissance Technologies LLC now owns 582,001 shares of the company’s stock worth $89,000 after buying an additional 126,800 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its position in shares of Benson Hill by 0.8% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 421,050 shares of the company’s stock worth $64,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 36.21% of the company’s stock.

About Benson Hill

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.