Short Interest in Benson Hill, Inc. (NYSE:BHIL) Grows By 5.6%

Benson Hill, Inc. (NYSE:BHIL) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 9,480,000 shares, an increase of 5.6% from the March 15th total of 8,980,000 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average daily volume of 909,300 shares, the days-to-cover ratio is presently 10.4 days.

Hedge Funds Weigh In On Benson Hill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Benson Hill by 647.0% in the 3rd quarter. SG Americas Securities LLC now owns 74,712 shares of the company’s stock worth $25,000 after buying an additional 64,711 shares in the last quarter. Moneta Group Investment Advisors LLC bought a new stake in Benson Hill in the third quarter worth about $33,000. Sei Investments Co. acquired a new stake in Benson Hill in the 2nd quarter valued at about $34,000. Putnam Investments LLC bought a new position in shares of Benson Hill during the 4th quarter valued at about $35,000. Finally, Alpine Global Management LLC bought a new position in shares of Benson Hill during the 4th quarter valued at about $38,000. 36.21% of the stock is owned by institutional investors.

Benson Hill Stock Performance

Shares of BHIL traded down $0.00 during trading hours on Wednesday, reaching $0.18. 207,294 shares of the company’s stock traded hands, compared to its average volume of 913,505. Benson Hill has a twelve month low of $0.13 and a twelve month high of $1.85. The business’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.22. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.17 and a quick ratio of 0.92. The firm has a market capitalization of $36.98 million, a price-to-earnings ratio of -0.29 and a beta of 2.24.

Benson Hill (NYSE:BHIL) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The company had revenue of $116.59 million during the quarter, compared to analyst estimates of $87.28 million. Benson Hill had a negative return on equity of 65.64% and a negative net margin of 24.36%. Analysts predict that Benson Hill will post -0.29 earnings per share for the current year.

Benson Hill Company Profile

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.