Short Interest Worth Mentioning: A Reversal for Bunge Limited (NYSE:BG) Is Not Near. The Stock Has Rise in Shorts

November 25, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Worth Mentioning: A Reversal for Bunge Limited (NYSE:BG) Is Not Near. The Stock Has Rise in Shorts

The stock of Bunge Limited (NYSE:BG) registered an increase of 0.68% in short interest. BG’s total short interest was 3.41 million shares in November as published by FINRA. Its up 0.68% from 3.39 million shares, reported previously. With 858,900 shares average volume, it will take short sellers 4 days to cover their BG’s short positions. The short interest to Bunge Limited’s float is 2.47%. The stock increased 1.42% or $0.95 during the last trading session, hitting $68.06. About 716,604 shares traded hands. Bunge Ltd (NYSE:BG) has risen 12.06% since April 22, 2016 and is uptrending. It has outperformed by 6.65% the S&P500.

Bunge Limited is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The company has a market cap of $9.42 billion. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. It has a 15.46 P/E ratio. The Edible oil products and milling products divisions include businesses that produce and sell edible oil based products, including vegetable oils, shortenings, margarines and mayonnaise, and milled grain products, such as wheat flours, corn products and rice.

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.11, from 1.08 in 2016Q1. The ratio fall, as 33 funds sold all Bunge Ltd shares owned while 123 reduced positions. 41 funds bought stakes while 127 increased positions. They now own 106.51 million shares or 8.39% less from 116.26 million shares in 2016Q1.
Aperio Limited Com holds 0.01% or 28,447 shares in its portfolio. Caisse De Depot Et Placement Du Quebec reported 252,600 shares or 0.04% of all its holdings. Leuthold Gp, a Minnesota-based fund reported 15,118 shares. The Massachusetts-based Mayo Inv Advisers Ltd has invested 0.2% in Bunge Ltd (NYSE:BG). Stephens Inc Ar last reported 0.01% of its portfolio in the stock. Moreover, Nomura Asset Co has 0.07% invested in Bunge Ltd (NYSE:BG) for 59,766 shares. Jacobs Levy Equity Mngmt Inc has invested 0.47% of its portfolio in Bunge Ltd (NYSE:BG). Verition Fund Management Ltd holds 20,048 shares or 0.15% of its portfolio. Allianz Asset Ag accumulated 0% or 84,562 shares. Signaturefd Ltd Liability Company last reported 0% of its portfolio in the stock. Lsv Asset Mgmt has 0.35% invested in the company for 2.86M shares. Becker Cap reported 556,408 shares or 1.34% of all its holdings. Carlson Capital Limited Partnership has invested 2.28% of its portfolio in Bunge Ltd (NYSE:BG). The Georgia-based Synovus has invested 0% in Bunge Ltd (NYSE:BG). Moreover, Columbia Prtn L L C Mgmt has 0.1% invested in Bunge Ltd (NYSE:BG) for 23,866 shares.

Bunge Ltd (NYSE:BG) Ratings Coverage

Out of 6 analysts covering Bunge Limited (NYSE:BG), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Bunge Limited has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Tuesday, September 29 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The firm has “Buy” rating by Bank of America given on Tuesday, August 2. The firm has “Outperform” rating given on Tuesday, September 29 by Credit Suisse. Citigroup maintained it with “Buy” rating and $80 target price in Friday, April 29 report. The stock of Bunge Ltd (NYSE:BG) earned “Hold” rating by TheStreet on Monday, August 3. JP Morgan upgraded Bunge Ltd (NYSE:BG) on Friday, February 12 to “Overweight” rating.

BG Company Profile

Bunge Limited, incorporated on May 18, 1995, is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The Firm is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar. The Firm operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer.

Another recent and important Bunge Ltd (NYSE:BG) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Visa, United Technologies and Bunge” on November 14, 2016.

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By Marguerite Chambers


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