The stock of Archer Daniels Midland Company (NYSE:ADM) registered a decrease of 23.63% in short interest. ADM’s total short interest was 6.23 million shares in September as published by FINRA. Its down 23.63% from 8.15 million shares, reported previously. With 2.16M shares average volume, it will take short sellers 3 days to cover their ADM’s short positions. The short interest to Archer Daniels Midland Company’s float is 1.1%. About 1.13M shares traded hands. Archer Daniels Midland Company (NYSE:ADM) has risen 29.01% since February 8, 2016 and is uptrending. It has outperformed by 12.52% the S&P500.
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat and other agricultural commodities and makes protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The company has a market cap of $25.15 billion.
The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.07, from 1.04 in 2016Q1. The ratio is negative, as 51 funds sold all Archer Daniels Midland Company shares owned while 218 reduced positions. 70 funds bought stakes while 190 increased positions. They now own 416.55 million shares or 4.91% less from 438.05 million shares in 2016Q1.
Fairfield Bush & Co. holds 4.91% of its portfolio in Archer Daniels Midland Company for 330,105 shares. Stevens First Principles Investment Advisors owns 118,498 shares or 3.79% of their US portfolio. Moreover, State Farm Mutual Automobile Insurance Co has 3.64% invested in the company for 56.29 million shares. The Maine-based Bar Harbor Trust Services has invested 3.1% in the stock. F&V Capital Management Llc, a New York-based fund reported 89,670 shares.
Out of 9 analysts covering Archer Daniels Midland Company (NYSE:ADM), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $50 is the highest target while $33 is the lowest. The $43 average target is 1.70% above today’s ($42.28) stock price. Archer Daniels Midland Company has been the topic of 15 analyst reports since October 19, 2015 according to StockzIntelligence Inc. Macquarie Research maintained the stock on August 29 with “Outperform” rating. Buckingham Research maintained it with “Neutral” rating and $49 target price in a November 4 report. Citigroup upgraded the shares of ADM in a report on May 26 to “Buy” rating. Lastly, Bank of America downgraded the stock to “Neutral” rating in a March 7 report.
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