Lavoro Limited (NASDAQ:LVRO) Sees Significant Decline in Short Interest

Lavoro Limited (NASDAQ:LVRO) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 326,960 shares, a drop of 39.5% from the January 15th total of 540,653 shares. Based on an average daily volume of 639,114 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 639,114 shares, the days-to-cover ratio is presently 0.5 days.

Lavoro Price Performance

NASDAQ:LVRO traded down $0.04 during midday trading on Friday, hitting $0.98. The company’s stock had a trading volume of 108,997 shares, compared to its average volume of 337,875. Lavoro has a fifty-two week low of $0.19 and a fifty-two week high of $5.40. The firm’s 50 day moving average is $0.91 and its 200-day moving average is $1.32. The firm has a market cap of $114.04 million, a P/E ratio of -0.62 and a beta of 0.57.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry. The company also produces specialty fertilizers, crop protection products, and biological crop inputs. It operates in Brazil, Colombia, and Uruguay. The company sells its products through its physical stores and digital channel.