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

Bunge Global SA (NYSE:BG) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,200,000 shares, an increase of 56.1% from the October 31st total of 2,050,000 shares. Currently, 2.3% of the company’s shares are short sold. 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 large investors have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Bunge Global by 26.5% in 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 in the last quarter. Millennium Management LLC lifted its stake in shares of Bunge Global by 12,617.1% in the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock valued at $94,557,000 after buying an additional 878,653 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Bunge Global during the third quarter valued at about $54,330,000. State Street Corp increased its position in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after acquiring an additional 500,897 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Bunge Global by 10.7% in the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after acquiring an additional 203,910 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 0.9 %

NYSE:BG traded up $0.83 during trading hours on Friday, reaching $89.74. The company had a trading volume of 801,193 shares, compared to its average volume of 2,139,658. Bunge Global has a twelve month low of $82.18 and a twelve month high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 11.36 and a beta of 0.67. The business’s 50-day simple moving average is $91.28 and its two-hundred day simple moving average is $99.30.

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.