Bunge Limited Bunge Limited (NYSE:BG) Sellers Increased By 34.59% Their Shorts

March 19, 2018 - By Darrin Black

 Bunge Limited Bunge Limited (NYSE:BG) Sellers Increased By 34.59% Their Shorts

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.26, from 0.8 in 2017Q2. It improved, 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.
Franklin Resource has 4.91M shares for 0.17% of their portfolio. Cornerstone Capital Ltd Com accumulated 270,664 shares. 277,925 were accumulated by United Automobile Association. Lumina Fund Management Ltd holds 74,200 shares. Lesa Sroufe & Co stated it has 58,508 shares. Dimensional Fund Advsr Limited Partnership has invested 0.07% of its portfolio in Bunge Limited (NYSE:BG). 1.00 million were reported by Tiaa Cref Invest Limited Liability. 432 were accumulated by Frontier Cap Mngmt Ltd Limited Liability Company. The United Kingdom-based Legal & General Public Limited Liability has invested 0.05% in Bunge Limited (NYSE:BG). Asset Management One Limited accumulated 202,961 shares. Citadel Advsrs Ltd Com has 0.08% invested in Bunge Limited (NYSE:BG). Lederer And Associates Inv Counsel Ca invested in 30,080 shares or 1.99% of the stock. Moreover, First Quadrant L P Ca has 0.29% invested in Bunge Limited (NYSE:BG) for 218,692 shares. 53,174 were reported by Convergence Prtnrs Ltd Company. Glenmede Trust Co Na invested 0% 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 2.48 million 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. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by BMO Capital Markets on Wednesday, August 23. Piper Jaffray maintained Bunge Limited (NYSE:BG) rating on Thursday, July 20. Piper Jaffray has “Buy” rating and $8400 target. The stock of Bunge Limited (NYSE:BG) has “Buy” rating given on Wednesday, March 7 by J.P. Morgan. The rating was maintained by Piper Jaffray on Monday, September 4 with “Buy”. The stock has “Neutral” rating by Citigroup on Thursday, September 28. The firm earned “Buy” rating on Wednesday, February 14 by Credit Suisse. The firm earned “Underweight” rating on Thursday, April 6 by JP Morgan. The firm earned “Outperform” rating on Tuesday, September 29 by Credit Suisse. The rating was maintained by Piper Jaffray with “Buy” on Friday, October 6. Stephens upgraded the stock to “Buy” rating in Thursday, February 15 report.

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