Follow The Short Interest: Archer Daniels Midland Company (NYSE:ADM) Reports Increase in Sellers; Strong Momentum for Short Players

November 23, 2016 - By Winifred Garcia   ·   0 Comments

Follow The Short Interest: Archer Daniels Midland Company (NYSE:ADM) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Archer Daniels Midland Company (NYSE:ADM) registered an increase of 3.26% in short interest. ADM’s total short interest was 8.04 million shares in November as published by FINRA. Its up 3.26% from 7.78M shares, reported previously. With 2.23 million shares average volume, it will take short sellers 4 days to cover their ADM’s short positions. The short interest to Archer Daniels Midland Company’s float is 1.42%. About 976,394 shares traded hands. Archer Daniels Midland Company (NYSE:ADM) has risen 13.46% since April 21, 2016 and is uptrending. It has outperformed by 8.13% 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 $24.83 billion.

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.06, from 0.97 in 2016Q1. The ratio increased, 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.
General Electr, a Connecticut-based fund reported 227,543 shares. Alexandria Ltd Liability has 61 shares for 0% of their US portfolio. Pnc Financial Inc last reported 0.01% of its portfolio in the stock. Moreover, Blackrock Fund Advsr has 0.07% invested in Archer Daniels Midland Company (NYSE:ADM) for 7.05 million shares. Amica Pension Fund Board Of Trustees last reported 30,536 shares in the company. Bridgeway Capital Mngmt accumulated 681,200 shares or 0.45% of the stock. Argi Inv Limited Liability, a Kentucky-based fund reported 16,689 shares. Franklin holds 0.23% or 9.89 million shares in its portfolio. Thompson Siegel And Walmsley Llc accumulated 330 shares or 0% of the stock. The New York-based Community National Bank & Trust Na has invested 0% in Archer Daniels Midland Company (NYSE:ADM). Country Club Na has invested 1.77% of its portfolio in Archer Daniels Midland Company (NYSE:ADM). Gamco Invsts Et Al holds 770,161 shares or 0.22% of its portfolio. Capital Innovations Ltd Company has 1.63% invested in the company for 13,010 shares. Geode Cap Ltd Com reported 4.84 million shares or 0.11% of all its holdings. Clear Harbor Asset Limited Liability Co accumulated 5,192 shares or 0.05% of the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 3 selling transactions for $2.96 million net activity. 2,418 shares were sold by Stott John P, worth $115,436. On Thursday, May 26 the insider Taets Joseph D. sold $166,281. 20,762 Archer Daniels Midland Company (NYSE:ADM) shares with value of $979,117 were sold by D AMBROSE MICHAEL.

Archer Daniels Midland Company (NYSE:ADM) Ratings Coverage

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. Archer Daniels Midland Company has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Thursday, April 28, the company rating was downgraded by Standpoint Research. Citigroup upgraded Archer Daniels Midland Company (NYSE:ADM) rating on Thursday, May 26. Citigroup has “Buy” rating and $50 price target. As per Thursday, August 4, the company rating was upgraded by Argus Research. Macquarie Research maintained the stock with “Outperform” rating in Monday, August 29 report. The stock of Archer Daniels Midland Company (NYSE:ADM) has “Buy” rating given on Thursday, January 7 by Standpoint Research. The rating was downgraded by Argus Research to “Hold” on Friday, February 12. As per Monday, October 19, the company rating was initiated by Buckingham Research. Buckingham Research maintained the stock with “Neutral” rating in Wednesday, November 4 report. The firm earned “Neutral” rating on Monday, March 7 by Bank of America. The stock has “Neutral” rating given by Citigroup on Wednesday, July 29.

ADM Company Profile

Archer-Daniels-Midland Company, incorporated on May 2, 1923, is a processor of oilseeds, corn, wheat and other agricultural commodities. The Firm makes protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The Company’s divisions include Agricultural Services; Corn Processing; Oilseeds Processing; Wild Flavors and Specialty Ingredients; Others, and Corporate. The Firm also has a global grain elevator and transportation network to procure, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats and barley, as well as processed agricultural commodities. The Firm is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.

More notable recent Archer Daniels Midland Company (NYSE:ADM) news were published by: Nytimes.com which released: “Dwayne O. Andreas, Who Turned Archer Daniels Midland Into Food Giant, Dies at 98” on November 17, 2016, also Schaeffersresearch.com with their article: “Put Buying Nears Extreme on Outperforming Archer Daniels Midland Company (ADM)” published on November 22, 2016, Wsj.com published: “Archer Daniels Midland Results Top Views” on November 01, 2016. More interesting news about Archer Daniels Midland Company (NYSE:ADM) were released by: Investorplace.com and their article: “Why Alexion Pharmaceuticals, Inc. (ALXN), Archer Daniels Midland Company (ADM …” published on November 11, 2016 as well as Thestreet.com‘s news article titled: “Why Archer Daniels Midland Can’t Make Its Stock Grow” with publication date: November 11, 2016.

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By Winifred Garcia


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