Short Interest in Benson Hill, Inc. (NYSE:BHIL) Rises By 42.6%

Benson Hill, Inc. (NYSE:BHIL – Get Rating) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 4,050,000 shares, a growth of 42.6% from the March 15th total of 2,840,000 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily trading volume, of 591,600 shares, the short-interest ratio is presently 6.8 days.

Benson Hill stock traded up $0.33 during mid-day trading on Friday, hitting $3.97. The company had a trading volume of 706,250 shares, compared to its average volume of 768,355. The company has a quick ratio of 3.27, a current ratio of 3.95 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $3.64. Benson Hill has a 1 year low of $2.53 and a 1 year high of $10.00.

Benson Hill (NYSE:BHIL – Get Rating) last announced its earnings results on Monday, March 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.18). The firm had revenue of $43.72 million for the quarter. As a group, research analysts expect that Benson Hill will post -0.77 earnings per share for the current fiscal year.

BHIL has been the topic of a number of recent research reports. Roth Capital assumed coverage on shares of Benson Hill in a research note on Friday, March 25th. They set a “buy” rating and a $9.00 target price on the stock. Zacks Investment Research upgraded shares of Benson Hill from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. The Goldman Sachs Group dropped their price target on shares of Benson Hill from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. Finally, Barclays dropped their price target on shares of Benson Hill from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Benson Hill currently has an average rating of “Buy” and a consensus price target of $8.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. Wagner Wealth Management LLC purchased a new position in shares of Benson Hill during the fourth quarter worth approximately $30,000. Penserra Capital Management LLC acquired a new stake in shares of Benson Hill during the third quarter worth $79,000. Victory Capital Management Inc. acquired a new stake in shares of Benson Hill during the fourth quarter worth $94,000. Raymond James & Associates acquired a new stake in shares of Benson Hill during the fourth quarter worth $99,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Benson Hill during the fourth quarter worth $102,000. Institutional investors and hedge funds own 17.18% of the company’s stock.

About Benson Hill (Get Rating)

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.

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