What Will Happen to Bunge Limited Bunge Limited (NYSE:BG) Next? The Stock Has Increase in Shorts

March 19, 2018 - By Graig Alexander

 What Will Happen to Bunge Limited Bunge Limited (NYSE:BG) Next? The Stock Has Increase in Shorts

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.26, from 0.8 in 2017Q2. It increased, 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.
Cwm Limited Com has invested 0% of its portfolio in Bunge Limited (NYSE:BG). Twin Securities Incorporated owns 0.11% invested in Bunge Limited (NYSE:BG) for 12,200 shares. Innovations Llc reported 0.9% stake. Winslow Evans & Crocker Inc reported 2,510 shares. Fjarde Ap holds 43,095 shares or 0.06% of its portfolio. Principal Fincl Gp accumulated 0% or 20,827 shares. Assetmark Inc invested in 0.01% or 8,351 shares. Prudential Public Limited Company reported 0.28% in Bunge Limited (NYSE:BG). First Trust Advsr L P accumulated 493,516 shares. Price T Rowe Associate Md holds 0.12% of its portfolio in Bunge Limited (NYSE:BG) for 9.85 million shares. Teacher Retirement Sys Of Texas invested in 72,980 shares or 0.03% of the stock. Gabelli Funds Limited Liability Corporation has invested 0.01% of its portfolio in Bunge Limited (NYSE:BG). Utah Retirement Sys holds 0.04% or 25,742 shares in its portfolio. Moreover, Axa has 0.01% invested in Bunge Limited (NYSE:BG) for 20,800 shares. New York-based Quantbot Technology Lp has invested 0.13% in Bunge Limited (NYSE:BG).

The stock of Bunge Limited Bunge Limited (NYSE:BG) registered an increase of 34.59% in short interest. BG’s total short interest was 3.20M shares in March as published by FINRA. Its up 34.59% from 2.38M shares, reported previously. With 2.48M 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. Robert W. Baird maintained Bunge Limited (NYSE:BG) rating on Friday, October 13. Robert W. Baird has “Hold” rating and $77.0 target. Goldman Sachs downgraded the shares of BG in report on Monday, March 20 to “Neutral” rating. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by Bank of America on Tuesday, August 2. The firm earned “Underweight” rating on Thursday, April 6 by JP Morgan. The firm has “Buy” rating by Piper Jaffray given on Monday, September 4. The stock has “Hold” rating by TheStreet on Monday, August 3. The stock has “Neutral” rating by JP Morgan on Friday, May 5. The stock of Bunge Limited (NYSE:BG) has “Buy” rating given on Wednesday, August 23 by BMO Capital Markets. The firm has “Buy” rating by Piper Jaffray given on Thursday, July 20. The stock has “Buy” rating by Citigroup on Tuesday, March 6.

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