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

Brazil Potash Corp. (NYSEAMERICAN:GRO) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 543,161 shares, a growth 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 currently 0.5 days. Currently, 1.0% of the shares of the company are short sold.

Brazil Potash Stock Up 0.4%

Shares of NYSEAMERICAN GRO traded up $0.01 during mid-day trading on Tuesday, hitting $2.50. 289,295 shares of the company were exchanged, compared to its average volume of 741,143. Brazil Potash has a 1-year low of $1.31 and a 1-year 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 for the quarter.

Institutional Investors Weigh In On Brazil Potash

A number of hedge funds have recently added to or reduced their stakes in GRO. Ferguson Shapiro LLC acquired a new stake in Brazil Potash in the first quarter valued at about $45,000. Integral Investment Advisors Inc. acquired a new stake in Brazil Potash in the first quarter valued at about $36,000. Hollencrest Capital Management lifted its position in Brazil Potash by 223.2% in the first 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 during the period. Walleye Capital LLC acquired a new stake in Brazil Potash in the first quarter valued at about $274,000. Finally, Renaissance Technologies LLC lifted its position in Brazil Potash by 130.4% in the first quarter. Renaissance Technologies LLC now owns 344,700 shares of the company’s stock valued at $1,117,000 after purchasing an additional 195,100 shares during the period.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Zacks Research downgraded shares of Brazil Potash from a “hold” rating to a “strong sell” rating in a research note 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 investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.25.

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.