Finning International Inc. (OTCMKTS:FINGF) Shares Shorted: Short Interest Down 37.6% in September

by · The Markets Daily

Finning International Inc. (OTCMKTS:FINGF – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 878,279 shares, a decline of 37.6% from the September 15th total of 1,407,582 shares. Based on an average daily volume of 53,998 shares, the days-to-cover ratio is currently 16.3 days. Approximately 0.7% of the company’s shares are short sold.

Analyst Ratings Changes

Several brokerages have recently commented on FINGF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Scotiabank reissued an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Read Our Latest Report on Finning International

Finning International Trading Down 4.1%

Shares of OTCMKTS FINGF opened at $69.45 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.65. The business’s 50 day moving average is $69.79 and its two-hundred day moving average is $70.21. Finning International has a 52-week low of $48.60 and a 52-week high of $81.12.

Finning International (OTCMKTS:FINGF – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $1.94 billion. Finning International had a return on equity of 19.85% and a net margin of 4.93%.

About Finning International

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Finning International Inc is a Canadian distributor of Caterpillar equipment and related services. Founded in 1933 by Earl Finning, the company has grown into one of the world’s largest Caterpillar dealerships, serving customers in the construction, mining, energy, forestry, agriculture, and government sectors.

The company sells and rents new and used heavy equipment, including excavators, trucks, loaders, and other machinery. It also provides replacement parts, equipment maintenance and repair, fleet management, technology solutions, and power systems.

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