Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Down 27.5% in January

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 551,455 shares, a drop of 27.5% from the January 15th total of 760,633 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 684,823 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 684,823 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Canaccord Genuity Group dropped their target price on Bioceres Crop Solutions from $2.25 to $2.00 and set a “hold” rating for the company in a research report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research report on Monday, December 29th. Finally, Oppenheimer lowered shares of Bioceres Crop Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.00.

Bioceres Crop Solutions Price Performance

Bioceres Crop Solutions stock opened at $0.59 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $37.08 million, a P/E ratio of -0.70 and a beta of 0.50. The business has a 50-day moving average of $1.19 and a 200-day moving average of $1.80. Bioceres Crop Solutions has a 1 year low of $0.53 and a 1 year high of $5.40.

Hedge Funds Weigh In On Bioceres Crop Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings 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 buying an additional 5,339 shares during the period. Bank of America Corp DE grew 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 valued at $35,000 after acquiring an additional 3,735 shares during the period. Virtu Financial LLC bought a new stake in shares of Bioceres Crop Solutions in the third quarter worth about $40,000. PDT Partners LLC raised its position in shares of Bioceres Crop Solutions by 58.9% during the second quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock worth $126,000 after purchasing an additional 10,449 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Bioceres Crop Solutions by 318.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 107,641 shares of the company’s stock worth $141,000 after purchasing an additional 81,924 shares during the period. 17.68% of the stock is owned by institutional investors.

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.