Marrone Bio Innov shares had a trading volume of 1,610K on Tuesday. Overall, volume was up 895.74% over the stocks normal daily volume.
Short traders are feeling a little more bearish on shares of the company of late if you look at the increase in short interest. The firm realized a rise in short interest of 2.01% as of the latest report on October 13, 2017. Short interest grew 29,371 over that period. Days to cover decreased -6.0 to 14.0 and the short interest percentage is 0.05% as of October 13.
The following firms have recently changed their position in MBII. Blackrock Inc. downsized its investment by shedding 2,093 shares a decrease of 31.7% as of 06/30/2017. Blackrock Inc. controls 4,518 shares valued at $6,000. The total value of its holdings decreased 53.8%. As of the end of the quarter Spark Investment Management LLC had sold 1,307 shares trimming its stake by 2.1%. The value of the investment in Marrone Bio Innov decreased from $121,000 to $78,000 decreasing 35.5% since the last quarter.
As of quarter end Ubs Group Ag had acquired a total of 425 shares growing its holdings by 12.4%. The value of the total investment in Marrone Bio Innov went from $7,000 to $5,000 a change of 28.6% quarter to quarter. Raymond James Financial Services Advisors, Inc. reduced its ownership by selling 900 shares a decrease of 5.3% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. claims 16,061 shares with a value of $18,000. The value of the position overall is down by 18.2%.
HC Wainwright released research on MBII and giving a rating of “Buy” and projecting a price target of $4.00.
In the market the company is trading down by 7.26% percent from yesterday’s close. Marrone Bio Innov currently has a P/E ratio of N/A and market capitalization is 34.02M. In the latest earnings report the EPS was $-1.15 with 31.35M shares currently outstanding.
Marrone Bio Innovations, Inc., launched on June 15, 2006, offers bio-based pest management and plant health products. The Business’s bio-based products include naturally occurring microorganisms, such as bacteria, fungi and plant extracts. It sells its products to crop protection market. Its four crop protection product lines include Regalia, Grandevo, Zequanox, Venerate and Majestene. The Business’s products are used in both conventional and organic crop production, and are sold to growers of specialty crops, such as grapes, citrus, tomatoes, vegetables, nuts, leafy greens and ornamental plants. It also offers Regalia for large-acre row crops, such as corn and soybeans..