Lavoro Limited (NASDAQ:LVRO) Sees Significant Increase in Short Interest

Lavoro Limited (NASDAQ:LVRO) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 540,653 shares, an increase of 1,211.9% from the December 31st total of 41,212 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 12,480,264 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 12,480,264 shares, the short-interest ratio is presently 0.0 days. Approximately 0.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lavoro in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average price target of $3.44.

Lavoro Price Performance

NASDAQ LVRO traded down $0.05 during trading hours on Thursday, reaching $1.07. 25,683 shares of the company’s stock traded hands, compared to its average volume of 6,936,726. Lavoro has a 52-week low of $0.19 and a 52-week high of $5.43. The firm has a 50-day simple moving average of $0.88 and a 200 day simple moving average of $1.40. The firm has a market cap of $124.77 million, a PE ratio of -0.68 and a beta of 0.51.

Lavoro Company Profile

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry. The company also produces specialty fertilizers, crop protection products, and biological crop inputs. It operates in Brazil, Colombia, and Uruguay. The company sells its products through its physical stores and digital channel.