Short Interest in Bunge Global SA (NYSE:BG) Increases By 56.1%

Bunge Global SA (NYSE:BG) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,200,000 shares, an increase of 56.1% from the October 31st total of 2,050,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is currently 1.8 days.

Bunge Global Price Performance

Shares of NYSE:BG traded up $0.83 during trading on Friday, hitting $89.74. 801,193 shares of the company were exchanged, compared to its average volume of 2,139,658. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global has a 1-year low of $82.18 and a 1-year high of $114.92. The company has a market capitalization of $12.53 billion, a P/E ratio of 11.36 and a beta of 0.67. The business’s 50 day moving average is $91.28 and its 200-day moving average is $99.30.

Institutional Investors Weigh In On Bunge Global

A number of institutional investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd bought a new stake in shares of Bunge Global in the 2nd quarter valued at about $28,000. Blue Trust Inc. raised its stake in Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global during the third quarter valued at $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Bunge Global during the 2nd quarter worth about $40,000. 86.23% of the stock is owned by institutional investors.

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.