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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a large growth in short interest during 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 volume of 65,900 shares, the days-to-cover ratio is currently 5.2 days. Approximately 1.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Roth Mkm increased their price objective 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 Stock Performance

Shares of BIOX stock opened at $12.50 on Tuesday. The stock has a market capitalization of $785 million, a PE ratio of 39.06 and a beta of 0.58. Bioceres Crop Solutions has a 1-year low of $9.76 and a 1-year high of $14.20. The business has a 50-day moving average of $12.91 and a 200 day moving average of $12.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.24 and a quick ratio of 0.84.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its earnings results on Thursday, February 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $140.30 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted ($0.14) EPS. As a group, sell-side analysts anticipate that Bioceres Crop Solutions will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Bioceres Crop Solutions

Several institutional investors and hedge funds have recently bought and sold shares of BIOX. Fourth Sail Capital LP lifted its holdings in Bioceres Crop Solutions by 136.1% in the 1st quarter. Fourth Sail Capital LP now owns 1,627,630 shares of the company’s stock worth $20,606,000 after buying an additional 938,282 shares during the period. Ballast Asset Management LP purchased a new stake in Bioceres Crop Solutions in the 3rd quarter worth approximately $2,210,000. Polar Capital Holdings Plc purchased a new stake in Bioceres Crop Solutions in the 3rd quarter worth approximately $2,112,000. State Street Corp lifted its holdings in Bioceres Crop Solutions by 128.5% in the 3rd 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 in the 3rd quarter worth approximately $637,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

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.