Short Interest in Brazil Potash Corp. (NYSEAMERICAN:GRO) Increases By 108.4%

Brazil Potash Corp. (NYSEAMERICAN:GRO) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 543,161 shares, an increase of 108.4% from the April 30th total of 260,615 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 1,070,922 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $5.25 price target on shares of Brazil Potash in a research note on Wednesday, April 29th. Zacks Research lowered Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.25.

Brazil Potash Stock Performance

Shares of NYSEAMERICAN:GRO opened at $2.49 on Monday. Brazil Potash has a 1-year low of $1.31 and a 1-year high of $3.99.

Brazil Potash (NYSEAMERICAN:GRO) last posted its earnings results on Tuesday, May 12th. The company reported $0.31 EPS for the quarter.

Hedge Funds Weigh In On Brazil Potash

Several institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management raised its position in Brazil Potash by 223.2% in the 1st quarter. Hollencrest Capital Management now owns 347,435 shares of the company’s stock valued at $1,126,000 after purchasing an additional 239,936 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Brazil Potash by 130.4% during the first quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock worth $1,117,000 after purchasing an additional 195,100 shares during the period. Bank of America Corp DE grew its stake in shares of Brazil Potash by 5,630.7% during the first quarter. Bank of America Corp DE now owns 156,277 shares of the company’s stock worth $506,000 after purchasing an additional 153,550 shares during the period. EverSource Wealth Advisors LLC grew its stake in Brazil Potash by 4.5% in the first quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock valued at $450,000 after acquiring an additional 5,937 shares during the period. Finally, Walleye Capital LLC acquired a new position in Brazil Potash in the first quarter valued at about $274,000.

Brazil Potash Company Profile

Brazil Potash Corp is a mineral exploration and development company with a potash mining project located in the state of Amazonas, Brazil. The company’s technical operations are based in Autazes, Amazonas, Brazil, and Belo Horizonte, Minas Gerais, Brazil. The operating activities of the company include focusing on the extraction and processing of potash ore from the mines of the Autazes Project and selling and distributing the processed potash in Brazil.