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

Bunge Global SA (NYSE:BG) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,680,000 shares, an increase of 34.5% from the December 15th total of 3,480,000 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily volume of 1,860,000 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Ratings Changes

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Price Performance

BG stock opened at $79.53 on Friday. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 10.07 and a beta of 0.70. The firm’s 50-day moving average price is $83.19 and its two-hundred day moving average price is $93.50. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global has a 12-month low of $75.75 and a 12-month high of $114.92.

Institutional Trading of Bunge Global

Several large investors have recently modified their holdings of the business. Altshuler Shaham Ltd purchased a new stake in Bunge Global in the 2nd quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global in the third quarter worth $34,000. Farther Finance Advisors LLC boosted its holdings in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares in the last quarter. UMB Bank n.a. increased its position in Bunge Global by 145.1% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 386 shares during the period. Finally, Blue Trust Inc. raised its holdings in Bunge Global by 121.5% in the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 361 shares in the last quarter. 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.