Marrone Bio Innovations (MBII) : The consensus price target for Marrone Bio Innovations (MBII) is $1.75 for the short term with a standard deviation of $1.52. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $1.
The short interest in Marrone Bio Innovations (MBII) has declined from 835,803 on June 15,2016 to 777,903 on June 30,2016. The change was measured at 57,900 shares or 6.9%. The leftover shorts were 4% of the floated shares. The days to cover are 16, given the average daily volume of 48,117 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Marrone Bio Innovations (NASDAQ:MBII): stock turned positive on Thursday. Though the stock opened at $0.83, the bulls momentum made the stock top out at $1.33 level for the day. The stock recorded a low of $0.8175 and closed the trading day at $0.95, in the green by 13.37%. The total traded volume for the day was 1,900,800. The stock had closed at $0.838 in the previous days trading.
Marrone Bio Innovations, Inc. is a provider of bio-based pest management and plant health products. Bio-based products are consists of naturally occurring microorganisms, such as bacteria and fungi, and plant extracts. As of August 1, 2013, the Companys three commercialized product lines target two core end markets: crop protection and water treatment. Crop protection products consist of herbicides, fungicides, nematicides, insecticides and plant growth regulators that growers use to increase crop yields, improve plant health, manage pest resistance and reduce chemical residues. The Companys products can be used in both conventional and organic crop production. The Company sells two crop protection product lines, Regalia, for plant disease control and plant health, and Grandevo, for insect and mite control, to growers of specialty crops, such as grapes, citrus, tomatoes, vegetables, nuts, leafy greens and ornamental plants.