Short Interest in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Expands By 10.7%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 717,500 shares, a growth of 10.7% from the December 31st total of 648,400 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 193,500 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Ratings Changes

BIOX has been the topic of a number of recent research reports. Canaccord Genuity Group cut their target price on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Oppenheimer reduced their target price on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $11.88.

Bioceres Crop Solutions Price Performance

BIOX traded down $0.30 during trading on Monday, reaching $6.55. The stock had a trading volume of 100,464 shares, compared to its average volume of 204,094. 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 $410.75 million, a price-to-earnings ratio of 327.66 and a beta of 0.57. The stock has a 50 day moving average of $6.69 and a two-hundred day moving average of $7.95. 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 quarterly earnings results 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). The business had revenue of $92.60 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.07) earnings per share. As a group, equities analysts anticipate that Bioceres Crop Solutions will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Bioceres Crop Solutions

Several large investors have recently modified their holdings of BIOX. Dimensional Fund Advisors LP lifted its holdings in shares of Bioceres Crop Solutions by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after purchasing an additional 5,341 shares during the last quarter. Fourth Sail Capital LP lifted its stake in Bioceres Crop Solutions by 61.6% during the third 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 in the last quarter. Stifel Financial Corp boosted its holdings 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 buying an additional 10,224 shares during the period. JPMorgan Chase & Co. increased its position in shares of Bioceres Crop Solutions by 49.3% in the third quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company’s stock worth $708,000 after acquiring an additional 29,693 shares in the last quarter. Finally, Ping Capital Management Inc. increased its position in shares of Bioceres Crop Solutions by 7.3% in the fourth quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock worth $268,000 after acquiring an additional 3,000 shares in the last quarter. 17.68% of the stock is owned by 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.