Short Interest in Brazil Potash Corp. (NYSEAMERICAN:GRO) Rises By 108.4%

Brazil Potash Corp. (NYSEAMERICAN:GRO) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 543,161 shares, an increase of 108.4% from the April 30th total of 260,615 shares. Based on an average trading volume of 1,070,922 shares, the short-interest ratio is presently 0.5 days. Currently, 1.0% of the company’s shares are short sold.

Brazil Potash Price Performance

Shares of NYSEAMERICAN:GRO opened at $2.50 on Wednesday. Brazil Potash has a 12-month low of $1.31 and a 12-month high of $3.99.

Brazil Potash (NYSEAMERICAN:GRO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter.

Institutional Trading of Brazil Potash

A number of hedge funds and other institutional investors have recently modified their holdings of GRO. Ferguson Shapiro LLC acquired a new stake in shares of Brazil Potash during the 1st quarter worth about $45,000. Integral Investment Advisors Inc. acquired a new stake in shares of Brazil Potash during the 1st quarter worth about $36,000. Hollencrest Capital Management increased its position in shares of Brazil Potash by 223.2% during the 1st quarter. Hollencrest Capital Management now owns 347,435 shares of the company’s stock worth $1,126,000 after purchasing an additional 239,936 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Brazil Potash during the 1st quarter worth about $274,000. Finally, Renaissance Technologies LLC increased its position in shares of Brazil Potash by 130.4% during the 1st quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock worth $1,117,000 after purchasing an additional 195,100 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on GRO. Roth Mkm reiterated a “buy” rating and set a $5.25 price target on shares of Brazil Potash in a report on Wednesday, April 29th. Zacks Research lowered Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.25.

About Brazil Potash

Brazil Potash Corp is a mineral exploration and development company with a potash mining project located in the state of Amazonas, Brazil. The company’s technical operations are based in Autazes, Amazonas, Brazil, and Belo Horizonte, Minas Gerais, Brazil. The operating activities of the company include focusing on the extraction and processing of potash ore from the mines of the Autazes Project and selling and distributing the processed potash in Brazil.