Bunge Global SA (NYSE:BG) Short Interest Update

Bunge Global SA (NYSE:BG - Get Free Report) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 3,480,000 shares, a growth of 37.0% from the November 30th total of 2,540,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Bunge Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd purchased a new stake in shares of Bunge Global in the 2nd quarter worth approximately $28,000. Farmers & Merchants Investments Inc. boosted its stake in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company's stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Bunge Global in the 3rd quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new stake in Bunge Global during the 2nd quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC raised its holdings in Bunge Global by 261.3% in the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company's stock worth $41,000 after buying an additional 277 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens raised Bunge Global to a "strong-buy" rating in a report on Monday, December 2nd. Four research 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 has an average rating of "Moderate Buy" and an average price target of $118.00.

Bunge Global Stock Down 1.5 %

BG traded down $1.18 on Monday, hitting $76.89. The company had a trading volume of 1,071,355 shares, compared to its average volume of 1,587,396. The stock has a fifty day simple moving average of $85.68 and a 200-day simple moving average of $96.12. 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 has a market capitalization of $10.74 billion, a P/E ratio of 9.73 and a beta of 0.68. Bunge Global has a 52-week low of $76.38 and a 52-week high of $114.92.

About Bunge Global

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.

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