Bunge Limited Bunge Limited (NYSE:BG)’s Trend Unknown, Especially After Increased Shorts

March 19, 2018 - By Michael Pereira

 Bunge Limited Bunge Limited (NYSE:BG)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.26, from 0.8 in 2017Q2. It is positive, as 43 investors sold Bunge Limited shares while 113 reduced holdings. 40 funds opened positions while 125 raised stakes. 109.29 million shares or 1.39% less from 110.83 million shares in 2017Q2 were reported.
Fil Ltd holds 0.08% in Bunge Limited (NYSE:BG) or 380,314 shares. Suntrust Banks Inc owns 5,262 shares or 0% of their US portfolio. Credit Suisse Ag accumulated 742,212 shares. Public Sector Pension Investment Board accumulated 208,000 shares. Nationwide Fund reported 53,468 shares or 0.01% of all its holdings. Gould Asset Ltd Com Ca stated it has 0.13% in Bunge Limited (NYSE:BG). Moreover, Aviance Mgmt Ltd has 0.01% invested in Bunge Limited (NYSE:BG). Magnetar Lc holds 0.03% or 18,213 shares in its portfolio. Ny State Teachers Retirement System reported 12,400 shares or 0% of all its holdings. Baring Asset Management Ltd holds 0.11% or 27,728 shares. First Interstate Commercial Bank holds 0.01% in Bunge Limited (NYSE:BG) or 621 shares. State Street Corporation reported 0.02% in Bunge Limited (NYSE:BG). Morgan Stanley invested in 0.01% or 678,967 shares. Us Comml Bank De reported 0.01% stake. Apg Asset Mgmt Nv accumulated 2.05 million shares or 0.23% of the stock.

The stock of Bunge Limited Bunge Limited (NYSE:BG) registered an increase of 34.59% in short interest. BG’s total short interest was 3.20 million shares in March as published by FINRA. Its up 34.59% from 2.38 million shares, reported previously. With 2.48 million shares average volume, it will take short sellers 1 days to cover their BG’s short positions. The short interest to Bunge Limited Bunge Limited’s float is 2.29%.

The stock decreased 0.59% or $0.43 during the last trading session, reaching $73. About 483,294 shares traded. Bunge Limited (NYSE:BG) has risen 14.04% since March 19, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

Bunge Limited, together with its subsidiaries, operates as an agribusiness and food firm worldwide. The company has market cap of $10.27 billion. It operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. It has a 82.02 P/E ratio. The Agribusiness segment is involved in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products, including oilseeds and grains comprising soybeans, rapeseed, canola, sunflower seeds, wheat, and corn to animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies, and biodiesel industries.

Bunge Limited (NYSE:BG) Ratings Coverage

Among 11 analysts covering Bunge Limited (NYSE:BG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Bunge Limited had 35 analyst reports since July 31, 2015 according to SRatingsIntel. On Wednesday, March 7 the stock rating was upgraded by J.P. Morgan to “Buy”. Credit Suisse upgraded the shares of BG in report on Wednesday, February 14 to “Buy” rating. The stock has “Neutral” rating by Goldman Sachs on Monday, March 20. The stock of Bunge Limited (NYSE:BG) has “Neutral” rating given on Friday, May 5 by JP Morgan. On Thursday, February 15 the stock rating was upgraded by Stephens to “Buy”. The firm has “Hold” rating given on Monday, September 11 by Robert W. Baird. The company was downgraded on Monday, August 3 by TheStreet. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, September 29 report. The stock of Bunge Limited (NYSE:BG) has “Underweight” rating given on Thursday, April 6 by JP Morgan. The firm has “Buy” rating given on Wednesday, August 23 by BMO Capital Markets.

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