Lavoro Limited (NASDAQ:LVRO) Short Interest Update

Lavoro Limited (NASDAQ:LVRO) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 69,900 shares, an increase of 21.4% from the October 31st total of 57,600 shares. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is currently 6.9 days. Currently, 1.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Oppenheimer decreased their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st.

Lavoro Stock Up 3.3 %

NASDAQ:LVRO opened at $5.06 on Monday. Lavoro has a 1-year low of $3.42 and a 1-year high of $9.00. The firm has a market capitalization of $590.04 million, a price-to-earnings ratio of -3.75 and a beta of 0.15. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $4.37 and its 200 day moving average price is $4.94.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. The company had revenue of $271.10 million during the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, sell-side analysts forecast that Lavoro will post -1.32 earnings per share for the current fiscal year.

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.