Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Up 10.7% in January

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a significant growth in short interest during 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 company’s stock are sold short. Based on an average daily trading volume, of 193,500 shares, the days-to-cover ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price target on 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 dropped their price target on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Four investment 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, the company has a consensus rating of “Buy” and a consensus target price of $11.88.

Bioceres Crop Solutions Trading Down 4.4 %

BIOX stock traded down $0.30 during midday trading on Monday, hitting $6.55. 100,464 shares of the company’s stock were exchanged, compared to its average volume of 204,094. Bioceres Crop Solutions has a one year low of $5.71 and a one year high of $14.05. The stock’s fifty day moving average price is $6.69 and its 200-day moving average price is $7.95. The company has a market cap of $410.75 million, a PE ratio of 327.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.27.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its 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). Bioceres Crop Solutions had a return on equity of 0.68% and a net margin of 0.53%. The company had revenue of $92.60 million during the quarter, compared to analyst estimates of $117.15 million. During the same period in the previous year, the company posted ($0.07) earnings per share. Research analysts predict that Bioceres Crop Solutions will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Ping Capital Management Inc. boosted its position in Bioceres Crop Solutions by 7.3% during the 4th 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 during the last quarter. Stifel Financial Corp boosted its holdings in Bioceres Crop Solutions by 33.4% during the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after purchasing an additional 10,224 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bioceres Crop Solutions by 9.5% in 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 in the last quarter. 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 last quarter. Finally, Fourth Sail Capital LP lifted its position in Bioceres Crop Solutions by 61.6% during the 3rd quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock worth $24,957,000 after buying an additional 1,209,277 shares in the last quarter. 17.68% of the stock is currently owned by institutional investors.

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.