Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Update

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 584,300 shares, a decrease of 18.6% from the December 31st total of 717,500 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 199,600 shares, the days-to-cover ratio is presently 2.9 days.

Bioceres Crop Solutions Stock Down 4.4 %

NASDAQ BIOX traded down $0.30 during mid-day trading on Monday, reaching $6.55. 100,464 shares of the company’s stock traded hands, compared to its average volume of 204,094. The company has a market cap of $410.75 million, a price-to-earnings ratio of 327.66 and a beta of 0.57. The company has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $7.95. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. 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 data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $92.60 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned ($0.07) earnings per share. As a group, equities research analysts expect that Bioceres Crop Solutions will post 0.12 EPS for the current year.

Institutional Trading of Bioceres Crop Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Ping Capital Management Inc. raised its holdings in Bioceres Crop Solutions by 7.3% during 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. Stifel Financial Corp increased its position 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 buying an additional 10,224 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bioceres Crop Solutions by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock worth $688,000 after buying an additional 5,341 shares during the last quarter. JPMorgan Chase & Co. boosted 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 purchasing an additional 29,693 shares during the period. Finally, Fourth Sail Capital LP raised its stake in Bioceres Crop Solutions by 61.6% in the 3rd quarter. Fourth Sail Capital LP now owns 3,171,102 shares of the company’s stock worth $24,957,000 after purchasing an additional 1,209,277 shares in the last quarter. 17.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on BIOX. Canaccord Genuity Group reduced their price objective on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Oppenheimer dropped their target price on Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $11.88.

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.