Short Interest in Lavoro Limited (NASDAQ:LVRO) Expands By 1,211.9%

Lavoro Limited (NASDAQ:LVRO) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 540,653 shares, an increase of 1,211.9% from the December 31st total of 41,212 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 12,480,264 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 12,480,264 shares, the short-interest ratio is presently 0.0 days. Approximately 0.5% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lavoro in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Sell” and a consensus target price of $3.44.

Lavoro Stock Performance

Shares of Lavoro stock traded up $0.07 on Tuesday, hitting $1.17. 45,902 shares of the company’s stock were exchanged, compared to its average volume of 6,587,969. Lavoro has a 1 year low of $0.19 and a 1 year high of $5.43. The company has a 50-day simple moving average of $0.88 and a 200-day simple moving average of $1.40. The stock has a market capitalization of $136.43 million, a PE ratio of -0.75 and a beta of 0.51.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry. The company also produces specialty fertilizers, crop protection products, and biological crop inputs. It operates in Brazil, Colombia, and Uruguay. The company sells its products through its physical stores and digital channel.