Can Bunge Limited Bunge Limited (NYSE:BG)’s Tomorrow Be Different? The Stock Had Decline in Shorts

May 17, 2018 - By Ash Ash

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Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.17, from 1.06 in 2017Q3. It dived, as 48 investors sold Bunge Limited shares while 125 reduced holdings. 59 funds opened positions while 95 raised stakes. 107.71 million shares or 1.45% less from 109.29 million shares in 2017Q3 were reported.
Sarasin Prns Llp has invested 0.07% in Bunge Limited (NYSE:BG). Ls Invest Advsr Limited Liability Corp holds 0.01% of its portfolio in Bunge Limited (NYSE:BG) for 2,298 shares. Envestnet Asset Inc reported 1,812 shares or 0% of all its holdings. Weiss Multi holds 56,000 shares or 0.1% of its portfolio. Asset Mgmt reported 0.02% stake. Schwab Charles Incorporated has invested 0.03% of its portfolio in Bunge Limited (NYSE:BG). Invesco Limited has invested 0% of its portfolio in Bunge Limited (NYSE:BG). First Trust Advisors Ltd Partnership owns 479,782 shares for 0.08% of their portfolio. State Of Wisconsin Investment Board stated it has 0.01% of its portfolio in Bunge Limited (NYSE:BG). Wellington Group Llp stated it has 0% in Bunge Limited (NYSE:BG). Price T Rowe Assocs Md holds 0.13% of its portfolio in Bunge Limited (NYSE:BG) for 12.07M shares. Brown Advisory reported 0% in Bunge Limited (NYSE:BG). Motco, a Texas-based fund reported 79 shares. The Belgium-based Kbc Nv has invested 0.01% in Bunge Limited (NYSE:BG). Korea Investment owns 85,994 shares.

The stock of Bunge Limited Bunge Limited (NYSE:BG) registered a decrease of 8.52% in short interest. BG’s total short interest was 1.81 million shares in May as published by FINRA. Its down 8.52% from 1.98 million shares, reported previously. With 1.33M 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 1.3%.

The stock increased 0.16% or $0.11 during the last trading session, reaching $70.7. About 943,328 shares traded. Bunge Limited (NYSE:BG) has declined 9.19% since May 17, 2017 and is downtrending. It has underperformed by 20.74% the S&P500.

Bunge Limited, together with its subsidiaries, operates as an agribusiness and food firm worldwide. The company has market cap of $9.96 billion. It operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. It has a 79.44 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 6 analysts covering Bunge Limited (NYSE:BG), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bunge Limited had 8 analyst reports since January 22, 2018 according to SRatingsIntel. The stock of Bunge Limited (NYSE:BG) earned “Overweight” rating by JP Morgan on Wednesday, March 7. The company was upgraded on Thursday, February 15 by Stephens. The rating was maintained by Credit Suisse on Thursday, May 3 with “Outperform”. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by Credit Suisse on Wednesday, February 14. The company was upgraded on Wednesday, March 7 by J.P. Morgan. Citigroup upgraded Bunge Limited (NYSE:BG) on Tuesday, March 6 to “Buy” rating. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, February 14.

More important recent Bunge Limited (NYSE:BG) news were published by: Prnewswire.com which released: “Bunge Makes Initial Filing in Brazil for IPO of its Sugar Milling Business” on May 15, 2018, also Seekingalpha.com published article titled: “Bunge (BG) Q1 2018 Results – Earnings Call Transcript”, Bizjournals.com published: “Bunge preparing IPO for its Brazilian sugar business” on May 16, 2018. More interesting news about Bunge Limited (NYSE:BG) was released by: Streetinsider.com and their article: “Bunge Limited (BG) Makes Initial Filing in Brazil for IPO of its Sugar Milling Business” with publication date: May 15, 2018.

Bunge Limited (NYSE:BG) Ratings Chart

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