Short Interest in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Grows By 17.9%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 689,100 shares, an increase of 17.9% from the January 15th total of 584,300 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 225,300 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ping Capital Management Inc. boosted its holdings in shares of Bioceres Crop Solutions by 7.3% in the fourth quarter. Ping Capital Management Inc. now owns 44,000 shares of the company’s stock valued at $268,000 after buying an additional 3,000 shares during the period. Stifel Financial Corp boosted its holdings in Bioceres Crop Solutions by 33.4% during the third quarter. Stifel Financial Corp now owns 40,790 shares of the company’s stock worth $321,000 after purchasing an additional 10,224 shares during the last quarter. Jump Financial LLC acquired a new position in Bioceres Crop Solutions during the fourth quarter worth $72,000. JPMorgan Chase & Co. boosted its holdings in Bioceres Crop Solutions by 17.0% during the fourth quarter. JPMorgan Chase & Co. now owns 105,301 shares of the company’s stock worth $640,000 after purchasing an additional 15,328 shares during the last quarter. Finally, Northern Trust Corp acquired a new position in Bioceres Crop Solutions during the fourth quarter worth $93,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

Bioceres Crop Solutions Stock Up 4.6 %

Shares of Bioceres Crop Solutions stock traded up $0.22 on Friday, hitting $4.96. The company had a trading volume of 946,893 shares, compared to its average volume of 217,854. The firm has a market capitalization of $311.04 million, a P/E ratio of 248.12 and a beta of 0.57. Bioceres Crop Solutions has a twelve month low of $4.42 and a twelve month high of $13.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 0.87. The stock has a 50-day moving average of $6.46 and a 200-day moving average of $7.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BIOX shares. Oppenheimer lowered their target price on shares of Bioceres Crop Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Canaccord Genuity Group lowered their target price on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Thursday. Finally, Lake Street Capital lowered their target price on shares of Bioceres Crop Solutions from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bioceres Crop Solutions has an average rating of “Buy” and an average price target of $9.88.

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.