Short Interest in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Declines By 27.5%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 551,455 shares, a decline of 27.5% from the January 15th total of 760,633 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 684,823 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 684,823 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Bioceres Crop Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Bioceres Crop Solutions by 3,535.8% during the first quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock valued at $25,000 after purchasing an additional 5,339 shares during the last quarter. Bank of America Corp DE raised its holdings in Bioceres Crop Solutions by 186.8% during the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock worth $35,000 after buying an additional 3,735 shares during the period. Virtu Financial LLC acquired a new stake in Bioceres Crop Solutions during the 3rd quarter worth about $40,000. PDT Partners LLC lifted its stake in Bioceres Crop Solutions by 58.9% during the second quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock valued at $126,000 after buying an additional 10,449 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Bioceres Crop Solutions by 318.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 107,641 shares of the company’s stock worth $141,000 after buying an additional 81,924 shares during the period. 17.68% of the stock is owned by institutional investors and hedge funds.

Bioceres Crop Solutions Stock Down 2.2%

BIOX stock opened at $0.59 on Monday. The firm has a market cap of $37.08 million, a PE ratio of -0.70 and a beta of 0.50. Bioceres Crop Solutions has a 12 month low of $0.53 and a 12 month high of $5.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.77.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research report on Monday, December 29th. Canaccord Genuity Group dropped their price target on shares of Bioceres Crop Solutions from $2.25 to $2.00 and set a “hold” rating on the stock in a research report on Friday, January 2nd. Finally, Oppenheimer lowered shares of Bioceres Crop Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp. is an agricultural biotechnology company focused on developing, manufacturing and commercializing a range of crop inputs designed to enhance yields and improve sustainability. The company’s portfolio includes biological seed treatments, inoculants for nitrogen fixation, specialty fertilizers and proprietary biopesticides, which are formulated to support plant health and resilience under varying environmental conditions.

Among its flagship offerings is the HB4 drought-tolerant wheat technology, the first genetically modified wheat developed to withstand water stress, which has received regulatory approval in several markets.