Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Stock Short Interest Jumps 104.0%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 923,789 shares, an increase of 104.0% from the September 15th total of 452,852 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 287,044 shares, the short-interest ratio is presently 3.2 days.

Institutional Trading of Bioceres Crop Solutions

An institutional investor recently raised its stake in Bioceres Crop Solutions stock. Ardsley Advisory Partners LP increased its holdings in shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) by 691.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 475,000 shares of the company’s stock after buying an additional 415,000 shares during the quarter. Ardsley Advisory Partners LP owned 0.75% of Bioceres Crop Solutions worth $622,000 as of its most recent SEC filing. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research note on Friday, October 9th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.00.

Bioceres Crop Solutions Trading Down 2.7%

Bioceres Crop Solutions stock traded down $0.01 during midday trading on Thursday, hitting $0.29. 114,079 shares of the stock were exchanged, compared to its average volume of 491,067. The stock has a market capitalization of $18.64 million, a PE ratio of -0.08 and a beta of 0.47. The company has a fifty day simple moving average of $0.39 and a two-hundred day simple moving average of $0.42. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. Bioceres Crop Solutions has a 52 week low of $0.28 and a 52 week high of $2.19.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its earnings results on Tuesday, September 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The firm had revenue of $55.90 million during the quarter, compared to the consensus estimate of $79.00 million. Bioceres Crop Solutions had a negative net margin of 94.76% and a negative return on equity of 39.11%.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) is an Argentina-based agricultural biotechnology company focused on developing technologies that improve crop productivity, resilience and sustainability. Its offerings include genetically enhanced seeds, biological crop inputs, seed treatments, biostimulants, fertilizers and crop protection products designed for use across major field crops.

The company is best known for its HB4 technology, a drought-tolerance trait developed for wheat and soybeans.