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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 667,800 shares, a decline of 10.7% from the November 15th total of 747,900 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 184,500 shares, the short-interest ratio is currently 3.6 days.

Bioceres Crop Solutions Price Performance

Bioceres Crop Solutions stock traded up $0.05 during trading hours on Friday, hitting $6.66. 120,315 shares of the company traded hands, compared to its average volume of 100,017. Bioceres Crop Solutions has a 1-year low of $5.71 and a 1-year high of $14.05. The firm has a market cap of $418.58 million, a P/E ratio of 333.17 and a beta of 0.51. The firm’s 50-day simple moving average is $6.85 and its two-hundred day simple moving average is $9.01. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). The business had revenue of $92.60 million during the quarter, compared to the consensus estimate of $117.15 million. Bioceres Crop Solutions had a return on equity of 0.68% and a net margin of 0.53%. During the same quarter last year, the firm posted ($0.07) earnings per share. As a group, analysts forecast that Bioceres Crop Solutions will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp raised 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 valued at $321,000 after buying an additional 10,224 shares during the period. Ping Capital Management Inc. acquired a new stake in shares of Bioceres Crop Solutions in the second quarter worth $448,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Bioceres Crop Solutions during the second quarter valued at about $472,000. Dimensional Fund Advisors LP boosted its stake in Bioceres Crop Solutions by 9.5% during the 2nd 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 period. Finally, Oak Family Advisors LLC grew its stake in shares of Bioceres Crop Solutions by 1.9% in the second quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after acquiring an additional 1,208 shares during the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BIOX. Roth Mkm cut their price objective on Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Oppenheimer lowered their price objective on shares of Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Lake Street Capital dropped their price target on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group lowered their price objective 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. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bioceres Crop Solutions has an average rating of “Buy” and a consensus price target of $12.13.

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.