Short Interest in Benson Hill, Inc. (NYSE:BHIL) Rises By 15.9%

Benson Hill, Inc. (NYSE:BHIL) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 9,630,000 shares, a growth of 15.9% from the May 15th total of 8,310,000 shares. Based on an average daily trading volume, of 908,100 shares, the short-interest ratio is presently 10.6 days. Approximately 6.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Benson Hill

A number of hedge funds have recently added to or reduced their stakes in BHIL. Norden Group LLC purchased a new stake in Benson Hill during the first quarter valued at $28,000. Moneta Group Investment Advisors LLC purchased a new stake in shares of Benson Hill during the 3rd quarter valued at about $33,000. Moloney Securities Asset Management LLC grew its position in shares of Benson Hill by 77.2% during the 1st quarter. Moloney Securities Asset Management LLC now owns 417,550 shares of the company’s stock valued at $84,000 after acquiring an additional 181,917 shares during the period. Sentry LLC purchased a new stake in shares of Benson Hill during the fourth quarter worth about $132,000. Finally, Fortem Financial Group LLC increased its holdings in Benson Hill by 53.4% in the 1st quarter. Fortem Financial Group LLC now owns 2,945,845 shares of the company’s stock valued at $591,000 after acquiring an additional 1,025,345 shares during the last quarter. 36.21% of the stock is currently owned by hedge funds and other institutional investors.

Benson Hill Price Performance

NYSE BHIL opened at $0.16 on Tuesday. Benson Hill has a one year low of $0.13 and a one year high of $1.58. The stock has a 50-day moving average of $0.19 and a 200 day moving average of $0.19. The company has a current ratio of 2.44, a quick ratio of 2.02 and a debt-to-equity ratio of 1.15.

Benson Hill (NYSE:BHIL) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $21.13 million during the quarter, compared to the consensus estimate of $27.80 million. Benson Hill had a negative return on equity of 106.95% and a negative net margin of 37.11%. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. As a group, analysts forecast that Benson Hill will post -0.25 EPS for the current fiscal year.

About Benson Hill

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.