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

Brazil Potash Corp. (NYSEAMERICAN:GRO) saw a significant increase in short interest in 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. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 1,070,922 shares, the short-interest ratio is presently 0.5 days.

Brazil Potash Stock Performance

Brazil Potash stock opened at $2.49 on Monday. 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 results on Tuesday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Zacks Research lowered Brazil Potash from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Roth Mkm restated a “buy” rating and issued a $5.25 price objective on shares of Brazil Potash in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.25.

Institutional Investors Weigh In On Brazil Potash

A number of large investors have recently modified their holdings of the business. Hollencrest Capital Management boosted its holdings in shares of Brazil Potash by 223.2% in the 1st quarter. Hollencrest Capital Management now owns 347,435 shares of the company’s stock valued at $1,126,000 after purchasing an additional 239,936 shares in the last quarter. Renaissance Technologies LLC raised its position in 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. Bank of America Corp DE raised its position in Brazil Potash by 5,630.7% during the 1st quarter. Bank of America Corp DE now owns 156,277 shares of the company’s stock worth $506,000 after purchasing an additional 153,550 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Brazil Potash by 4.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company’s stock worth $450,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Brazil Potash during the 1st quarter worth about $274,000.

Brazil Potash Company Profile

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.