Short Interest in Bunge Global SA (NYSE:BG) Expands By 56.1%

Bunge Global SA (NYSE:BG) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 3,200,000 shares, a growth of 56.1% from the October 31st total of 2,050,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Bunge Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after buying an additional 500,897 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after purchasing an additional 883,127 shares during the period. Geode Capital Management LLC lifted its stake in shares of Bunge Global by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock worth $329,697,000 after purchasing an additional 45,159 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bunge Global by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after purchasing an additional 121,080 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Bunge Global by 10.7% during the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after purchasing an additional 203,910 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Up 0.9 %

NYSE BG traded up $0.83 during trading on Friday, reaching $89.74. 801,193 shares of the company’s stock were exchanged, compared to its average volume of 2,139,658. The stock has a market cap of $12.53 billion, a P/E ratio of 11.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The company has a 50 day moving average price of $91.28 and a two-hundred day moving average price of $99.30. Bunge Global has a 1 year low of $82.18 and a 1 year high of $114.92.

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.