Could Bunge Limited Bunge Limited (NYSE:BG) Skyrocket? The Stock Has Too Many Sellers

March 19, 2018 - By Adrian Mccoy

 Could Bunge Limited Bunge Limited (NYSE:BG) Skyrocket? The Stock Has Too Many Sellers

Investors sentiment increased to 1.06 in Q3 2017. 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.
Deutsche Fincl Bank Ag, a Germany-based fund reported 831,603 shares. Bessemer Gp holds 0% or 345 shares in its portfolio. Neville Rodie Shaw Inc invested 0.27% in Bunge Limited (NYSE:BG). Weiss Multi holds 40,446 shares or 0.1% of its portfolio. Susquehanna Group Incorporated Limited Liability Partnership holds 0.01% or 220,959 shares in its portfolio. Financial Service Corporation reported 27 shares. British Columbia Mgmt holds 0.04% or 78,206 shares. Eventide Asset Management Ltd Liability holds 0.05% or 13,500 shares in its portfolio. Blackrock holds 0.03% of its portfolio in Bunge Limited (NYSE:BG) for 9.54 million shares. Daiwa Sb Limited holds 1,160 shares. Walleye Trading Ltd Liability, a Minnesota-based fund reported 57,429 shares. Ubs Asset Management Americas holds 657,889 shares. Amalgamated Retail Bank invested in 13,860 shares. Voloridge Mgmt Ltd Co, a Florida-based fund reported 26,142 shares. Ascend Capital Limited Liability Corp reported 43,819 shares.

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. TheStreet downgraded Bunge Limited (NYSE:BG) on Monday, August 3 to “Hold” rating. BMO Capital Markets maintained the shares of BG in report on Wednesday, September 27 with “Buy” rating. As per Tuesday, September 29, the company rating was upgraded by BMO Capital Markets. The firm earned “Underweight” rating on Thursday, April 6 by JP Morgan. Piper Jaffray maintained Bunge Limited (NYSE:BG) on Friday, July 14 with “Buy” rating. The stock of Bunge Limited (NYSE:BG) earned “Neutral” rating by Citigroup on Thursday, September 28. The rating was downgraded by Goldman Sachs on Monday, March 20 to “Neutral”. On Friday, February 12 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by Piper Jaffray on Thursday, August 3. Robert W. Baird maintained the shares of BG in report on Friday, October 13 with “Hold” rating.

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