Benson Hill, Inc. (NYSE:BHIL) Sees Large Increase in Short Interest

Benson Hill, Inc. (NYSE:BHIL) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 9,480,000 shares, a growth of 5.6% from the March 15th total of 8,980,000 shares. Based on an average daily trading volume, of 909,300 shares, the days-to-cover ratio is presently 10.4 days. Approximately 8.2% of the company’s stock are short sold.

Benson Hill Stock Down 7.5 %

Shares of BHIL stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.18. The stock had a trading volume of 474,875 shares, compared to its average volume of 923,179. The firm’s 50-day moving average is $0.21 and its two-hundred day moving average is $0.22. Benson Hill has a 12-month low of $0.13 and a 12-month high of $1.85. The firm has a market capitalization of $37.79 million, a P/E ratio of -0.29 and a beta of 2.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.17 and a quick ratio of 0.92.

Benson Hill (NYSE:BHIL) last announced its earnings results on Thursday, March 14th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Benson Hill had a negative net margin of 24.36% and a negative return on equity of 65.64%. The firm had revenue of $116.59 million for the quarter, compared to analyst estimates of $87.28 million. On average, analysts predict that Benson Hill will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Benson Hill

Several hedge funds and other institutional investors have recently made changes to their positions in BHIL. SG Americas Securities LLC increased its stake in Benson Hill by 647.0% during the third quarter. SG Americas Securities LLC now owns 74,712 shares of the company’s stock worth $25,000 after acquiring an additional 64,711 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in Benson Hill during the third quarter worth $33,000. Sei Investments Co. acquired a new stake in Benson Hill during the second quarter worth $34,000. Putnam Investments LLC acquired a new stake in Benson Hill during the fourth quarter worth $35,000. Finally, Alpine Global Management LLC acquired a new stake in Benson Hill during the fourth quarter worth $38,000. Institutional investors and hedge funds own 36.21% of the company’s stock.

About Benson Hill

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.