Lavoro Limited (NASDAQ:LVRO) Sees Significant Increase in Short Interest

Lavoro Limited (NASDAQ:LVRO) was the recipient of a large increase in short interest in the month of 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 daily trading volume, of 10,100 shares, the short-interest ratio is presently 6.9 days. Approximately 1.2% of the company’s shares are sold short.

Lavoro Stock Up 3.3 %

NASDAQ:LVRO traded up $0.16 during mid-day trading on Monday, reaching $5.06. The stock had a trading volume of 151 shares, compared to its average volume of 19,207. The business’s 50 day moving average is $4.37 and its 200 day moving average is $4.94. Lavoro has a fifty-two week low of $3.42 and a fifty-two week high of $9.00. The stock has a market cap of $590.04 million, a P/E ratio of -3.75 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70.

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

Wall Street Analysts Forecast Growth

Separately, Oppenheimer dropped their target price on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

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.