Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Down 15.4% in May

Bioceres Crop Solutions Corp. (NASDAQ:BIOX - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 888,600 shares, a drop of 15.4% from the April 30th total of 1,050,000 shares. Based on an average daily volume of 209,500 shares, the short-interest ratio is presently 4.2 days. Approximately 2.6% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group lowered their price target on Bioceres Crop Solutions from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Thursday, February 13th. Lake Street Capital dropped their price target on Bioceres Crop Solutions from $13.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, Oppenheimer decreased their price objective on shares of Bioceres Crop Solutions from $8.00 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $8.63.

Hedge Funds Weigh In On Bioceres Crop Solutions

Hedge funds have recently made changes to their positions in the stock. Ping Capital Management Inc. lifted its stake in shares of Bioceres Crop Solutions by 7.3% during the fourth quarter. Ping Capital Management Inc. now owns 44,000 shares of the company's stock worth $268,000 after purchasing an additional 3,000 shares in the last quarter. Bank of America Corp DE grew its holdings in 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 worth $35,000 after buying an additional 3,735 shares in the last quarter. Jones Financial Companies Lllp grew its position in 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 buying an additional 5,339 shares in the last quarter. Jump Financial LLC bought a new position in Bioceres Crop Solutions during the fourth quarter valued at about $72,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Bioceres Crop Solutions by 17.0% in the 4th quarter. JPMorgan Chase & Co. now owns 105,301 shares of the company's stock worth $640,000 after purchasing an additional 15,328 shares in the last quarter. Institutional investors and hedge funds own 17.68% of the company's stock.

Bioceres Crop Solutions Trading Down 1.6%

Shares of NASDAQ BIOX traded down $0.08 during midday trading on Wednesday, reaching $4.92. 75,551 shares of the stock were exchanged, compared to its average volume of 174,043. The stock has a 50 day moving average price of $4.43 and a 200-day moving average price of $5.39. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $308.54 million, a P/E ratio of 246.12 and a beta of 0.40. Bioceres Crop Solutions has a 52-week low of $3.51 and a 52-week high of $11.78.

Bioceres Crop Solutions (NASDAQ:BIOX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08. Bioceres Crop Solutions had a return on equity of 0.68% and a net margin of 0.58%. The business had revenue of $59.60 million for the quarter, compared to analysts' expectations of $61.80 million. Equities research analysts expect that Bioceres Crop Solutions will post -0.05 earnings per share for the current fiscal year.

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.