Benson Hill, Inc. (NYSE:BHIL) Sees Large Growth in Short Interest

Benson Hill, Inc. (NYSE:BHIL) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 9,480,000 shares, an increase of 5.6% from the March 15th total of 8,980,000 shares. Based on an average trading volume of 909,300 shares, the days-to-cover ratio is currently 10.4 days. Currently, 8.2% of the shares of the company are sold short.

Benson Hill Trading Down 3.8 %

BHIL opened at $0.17 on Thursday. Benson Hill has a fifty-two week low of $0.13 and a fifty-two week high of $1.85. The company’s 50-day moving average price is $0.21 and its 200 day moving average price is $0.22. The company has a current ratio of 1.17, a quick ratio of 0.92 and a debt-to-equity ratio of 0.92.

Benson Hill (NYSE:BHIL) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The business had revenue of $116.59 million for the quarter, compared to analyst estimates of $87.28 million. Benson Hill had a negative return on equity of 65.64% and a negative net margin of 24.36%. Equities research analysts predict that Benson Hill will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Benson Hill

Several institutional investors and hedge funds have recently bought and sold shares of BHIL. SG Americas Securities LLC raised its stake in Benson Hill by 647.0% during the third quarter. SG Americas Securities LLC now owns 74,712 shares of the company’s stock worth $25,000 after acquiring an additional 64,711 shares during the period. Moneta Group Investment Advisors LLC bought a new position in Benson Hill in the 3rd quarter worth about $33,000. Sei Investments Co. bought a new position in Benson Hill in the 2nd quarter worth about $34,000. Putnam Investments LLC bought a new position in Benson Hill in the 4th quarter worth about $35,000. Finally, Alpine Global Management LLC bought a new position in Benson Hill in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 36.21% of the company’s stock.

Benson Hill Company Profile

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.