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

Bioceres Crop Solutions Corp. (NASDAQ:BIOX - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,440,000 shares, an increase of 30.9% from the March 15th total of 1,100,000 shares. Based on an average daily volume of 301,600 shares, the days-to-cover ratio is currently 4.8 days. Currently, 4.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Lake Street Capital dropped their price target on Bioceres Crop Solutions from $13.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group cut their price target on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Oppenheimer reduced their price target on shares of Bioceres Crop Solutions from $8.00 to $7.00 and set an "outperform" rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $8.63.

Institutional Investors Weigh In On Bioceres Crop Solutions

Several large investors have recently made changes to their positions in BIOX. Avanza Fonder AB bought a new position in Bioceres Crop Solutions during the first quarter valued at approximately $72,000. Maven Securities LTD bought a new position in shares of Bioceres Crop Solutions during the 4th quarter valued at $152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bioceres Crop Solutions by 135.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 752,335 shares of the company's stock valued at $4,574,000 after purchasing an additional 432,206 shares during the last quarter. Bank of America Corp DE increased its position in Bioceres Crop Solutions by 186.8% during the fourth 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 during the last quarter. Finally, Northern Trust Corp acquired a new position in shares of Bioceres Crop Solutions during the 4th quarter valued at about $93,000. Institutional investors own 17.68% of the company's stock.

Bioceres Crop Solutions Stock Up 2.8 %

Bioceres Crop Solutions stock traded up $0.12 during trading hours on Thursday, hitting $4.35. The company had a trading volume of 64,389 shares, compared to its average volume of 167,658. The firm's fifty day moving average is $4.42 and its 200-day moving average is $5.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 0.96. Bioceres Crop Solutions has a fifty-two week low of $3.51 and a fifty-two week high of $13.18. The firm has a market capitalization of $272.79 million, a P/E ratio of 217.61 and a beta of 0.60.

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.