Short Interest in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Increases By 17.7%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 342,600 shares, a growth of 17.7% from the March 15th total of 291,200 shares. Based on an average daily trading volume, of 65,900 shares, the short-interest ratio is presently 5.2 days. Approximately 1.1% of the company’s shares are short sold.

Bioceres Crop Solutions Price Performance

Shares of NASDAQ BIOX opened at $12.50 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 1.24. The firm has a market capitalization of $785 million, a price-to-earnings ratio of 39.06 and a beta of 0.58. The stock has a 50 day moving average price of $12.91 and a 200 day moving average price of $12.46. Bioceres Crop Solutions has a 52-week low of $9.76 and a 52-week high of $14.20.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $140.30 million during the quarter, compared to analyst estimates of $108.97 million. Bioceres Crop Solutions had a return on equity of 5.96% and a net margin of 4.36%. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Sell-side analysts expect that Bioceres Crop Solutions will post 0.48 earnings per share for the current year.

Institutional Trading of Bioceres Crop Solutions

A number of large investors have recently modified their holdings of BIOX. Fourth Sail Capital LP boosted its holdings in shares of Bioceres Crop Solutions by 136.1% in the first quarter. Fourth Sail Capital LP now owns 1,627,630 shares of the company’s stock valued at $20,606,000 after purchasing an additional 938,282 shares during the period. Ballast Asset Management LP purchased a new stake in Bioceres Crop Solutions during the third quarter worth $2,210,000. Polar Capital Holdings Plc purchased a new stake in Bioceres Crop Solutions during the third quarter worth $2,112,000. State Street Corp lifted its holdings in Bioceres Crop Solutions by 128.5% during the third quarter. State Street Corp now owns 158,831 shares of the company’s stock worth $2,068,000 after buying an additional 89,309 shares during the period. Finally, Toroso Investments LLC purchased a new stake in Bioceres Crop Solutions during the third quarter worth $637,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm boosted their target price on Bioceres Crop Solutions from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, February 9th.

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.