Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Up 71.0% in February

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 942,815 shares, a growth of 71.0% from the January 29th total of 551,455 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 1,079,680 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 1,079,680 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.5% of the company’s shares are sold short.

Bioceres Crop Solutions Trading Up 1.8%

Shares of NASDAQ BIOX opened at $0.56 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $35.41 million, a PE ratio of -0.67 and a beta of 0.50. Bioceres Crop Solutions has a twelve month low of $0.53 and a twelve month high of $5.40. The stock has a fifty day simple moving average of $1.00 and a 200-day simple moving average of $1.59.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Canaccord Genuity Group lowered their price target on Bioceres Crop Solutions from $2.25 to $2.00 and set a “hold” rating for the company in a report on Friday, January 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bioceres Crop Solutions has an average rating of “Hold” and a consensus target price of $4.00.

Institutional Trading of Bioceres Crop Solutions

Several hedge funds have recently made changes to their positions in BIOX. Bank of America Corp DE grew its holdings in shares of Bioceres Crop Solutions by 186.8% in the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after purchasing an additional 3,735 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 worth $25,000 after acquiring an additional 5,339 shares during the period. PDT Partners LLC raised its stake in shares of Bioceres Crop Solutions by 58.9% in the second quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock valued at $126,000 after acquiring an additional 10,449 shares in the last quarter. Virtu Financial LLC acquired a new position in Bioceres Crop Solutions during the 3rd quarter worth $40,000. Finally, Invesco Ltd. acquired a new position in Bioceres Crop Solutions during the 4th quarter worth $45,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

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.