Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Update

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 722,200 shares, an increase of 47.9% from the September 15th total of 488,200 shares. Based on an average daily trading volume, of 421,800 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 421,800 shares, the short-interest ratio is currently 1.7 days.

Bioceres Crop Solutions Stock Up 8.5%

Shares of NASDAQ BIOX opened at $1.91 on Thursday. Bioceres Crop Solutions has a one year low of $1.20 and a one year high of $7.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 0.74. The firm’s 50 day simple moving average is $2.09 and its two-hundred day simple moving average is $3.52. The stock has a market capitalization of $119.78 million, a P/E ratio of -2.36 and a beta of 0.33.

Institutional Trading of Bioceres Crop Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIOX. Bank of America Corp DE lifted its stake in Bioceres Crop Solutions by 186.8% in the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock worth $35,000 after acquiring an additional 3,735 shares during the period. Ping Capital Management Inc. raised its holdings in Bioceres Crop Solutions by 29.5% in the first quarter. Ping Capital Management Inc. now owns 57,000 shares of the company’s stock worth $260,000 after purchasing an additional 13,000 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Bioceres Crop Solutions by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 236,717 shares of the company’s stock worth $1,081,000 after purchasing an additional 103,337 shares in the last quarter. Fourth Sail Capital LP raised its holdings in Bioceres Crop Solutions by 25.1% in the first quarter. Fourth Sail Capital LP now owns 4,627,669 shares of the company’s stock worth $21,125,000 after purchasing an additional 928,708 shares in the last quarter. Finally, Maven Securities LTD raised its holdings in Bioceres Crop Solutions by 242.7% in the first quarter. Maven Securities LTD now owns 85,673 shares of the company’s stock worth $391,000 after purchasing an additional 60,673 shares in the last quarter. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Analysts Set New Price Targets

BIOX has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Bioceres Crop Solutions in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Bioceres Crop Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Brookline Capital Management cut shares of Bioceres Crop Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Lake Street Capital decreased their price objective on shares of Bioceres Crop Solutions from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, Oppenheimer cut shares of Bioceres Crop Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.17.

About Bioceres Crop Solutions

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.