Short Interest in Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Declines By 22.0%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 934,995 shares, a drop of 22.0% from the March 31st total of 1,198,641 shares. Based on an average daily volume of 448,619 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Bioceres Crop Solutions

Institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of Bioceres Crop Solutions by 3,535.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock valued at $25,000 after purchasing an additional 5,339 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Bioceres Crop Solutions by 186.8% in the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after purchasing an additional 3,735 shares during the last quarter. PDT Partners LLC lifted its stake in shares of Bioceres Crop Solutions by 58.9% in the 2nd quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock valued at $126,000 after purchasing an additional 10,449 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Bioceres Crop Solutions in the 3rd quarter valued at approximately $40,000. Finally, Invesco Ltd. bought a new stake in shares of Bioceres Crop Solutions in the 4th quarter valued at approximately $45,000. 17.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BIOX has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research report on Friday, March 27th. Canaccord Genuity Group dropped their price target on Bioceres Crop Solutions from $2.25 to $2.00 and set a “hold” rating for the company in a research note on Friday, January 2nd. Finally, Wall Street Zen lowered Bioceres Crop Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.00.

Bioceres Crop Solutions Price Performance

Shares of Bioceres Crop Solutions stock opened at $0.48 on Thursday. The stock has a 50 day moving average of $0.52 and a 200 day moving average of $1.09. Bioceres Crop Solutions has a 12 month low of $0.35 and a 12 month high of $5.18. The firm has a market cap of $30.34 million, a PE ratio of -0.13 and a beta of 0.53. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings results on Friday, March 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Bioceres Crop Solutions had a negative net margin of 82.83% and a negative return on equity of 22.43%. The firm had revenue of $73.67 million for the quarter, compared to the consensus estimate of $104.55 million. On average, research analysts expect that Bioceres Crop Solutions will post -0.16 EPS for the current fiscal year.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp. is an agricultural biotechnology company focused on developing, manufacturing and commercializing a range of crop inputs designed to enhance yields and improve sustainability. The company’s portfolio includes biological seed treatments, inoculants for nitrogen fixation, specialty fertilizers and proprietary biopesticides, which are formulated to support plant health and resilience under varying environmental conditions.

Among its flagship offerings is the HB4 drought-tolerant wheat technology, the first genetically modified wheat developed to withstand water stress, which has received regulatory approval in several markets.