Bunge Global SA (NYSE:BG) Short Interest Up 34.5% in December

Bunge Global SA (NYSE:BG - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 4,680,000 shares, a growth of 34.5% from the December 15th total of 3,480,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Stephens raised Bunge Global to a "strong-buy" rating in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Bunge Global Trading Up 0.2 %

Shares of Bunge Global stock traded up $0.13 on Friday, reaching $79.53. The company had a trading volume of 1,362,785 shares, compared to its average volume of 1,433,299. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 10.07 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The firm's 50-day moving average price is $83.19 and its two-hundred day moving average price is $93.50. Bunge Global has a 1 year low of $75.75 and a 1 year high of $114.92.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company's stock worth $449,614,000 after purchasing an additional 883,127 shares during the period. Millennium Management LLC lifted its stake in Bunge Global by 12,617.1% in the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company's stock worth $94,557,000 after purchasing an additional 878,653 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Bunge Global during the third quarter valued at approximately $54,330,000. State Street Corp grew its stake in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock valued at $681,467,000 after buying an additional 500,897 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock worth $23,537,000 after buying an additional 191,999 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.