Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Sees Large Growth in Short Interest

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 410,600 shares, a growth of 18.4% from the June 15th total of 346,700 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 52,700 shares, the short-interest ratio is currently 7.8 days.

Bioceres Crop Solutions Price Performance

Shares of NASDAQ:BIOX traded up $0.38 during midday trading on Tuesday, reaching $11.53. 63,468 shares of the company’s stock traded hands, compared to its average volume of 59,109. Bioceres Crop Solutions has a 1 year low of $10.10 and a 1 year high of $14.05. The company has a market cap of $724.08 million, a P/E ratio of 1,125.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.22. The company has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $12.33.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $83.98 million during the quarter, compared to analysts’ expectations of $88.80 million. Bioceres Crop Solutions had a net margin of 0.21% and a return on equity of 0.28%. Equities analysts predict that Bioceres Crop Solutions will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Activest Wealth Management purchased a new stake in Bioceres Crop Solutions during the first quarter worth about $30,000. Cape Investment Advisory Inc. purchased a new stake in Bioceres Crop Solutions during the fourth quarter worth about $33,000. Oppenheimer & Co. Inc. purchased a new stake in Bioceres Crop Solutions during the first quarter worth about $139,000. Lazard Asset Management LLC purchased a new stake in Bioceres Crop Solutions during the first quarter worth about $212,000. Finally, One Degree Advisors Inc purchased a new stake in Bioceres Crop Solutions during the fourth quarter worth about $291,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

Wall Street Analysts Forecast Growth

BIOX has been the subject of a number of research analyst reports. Roth Capital raised shares of Bioceres Crop Solutions to a “strong-buy” rating in a report on Tuesday, July 2nd. Roth Mkm initiated coverage on shares of Bioceres Crop Solutions in a research report on Tuesday, July 2nd. They set a “buy” rating and a $15.00 price target for the company.

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.