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

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

Bunge Global Price Performance

BG opened at $76.13 on Friday. 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 $75.72 and a 12-month high of $114.92. The business’s fifty day simple moving average is $81.07 and its 200-day simple moving average is $91.26. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 9.64 and a beta of 0.70.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BG. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $115.00 to $95.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.33.

Institutional Trading of Bunge Global

A number of institutional investors have recently modified their holdings of BG. Spire Wealth Management acquired a new position in Bunge Global during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global in the fourth quarter worth $39,000. Farther Finance Advisors LLC increased its position in shares of Bunge Global by 40.1% in the 3rd 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 during the period. Finally, R Squared Ltd acquired a new stake in Bunge Global during the 4th quarter worth about $45,000. 86.23% of the stock is currently owned by institutional investors.

About Bunge Global

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.