CHS Inc. (NASDAQ:CHSCO) Sees Large Decrease in Short Interest
by Tristan Rich · The Markets DailyCHS Inc. (NASDAQ:CHSCO – Get Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 4,239 shares, a drop of 21.9% from the December 31st total of 5,428 shares. Based on an average daily volume of 17,907 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 17,907 shares, the short-interest ratio is currently 0.2 days.
CHS Price Performance
CHSCO traded down $0.05 during trading on Friday, reaching $26.19. 78,846 shares of the company were exchanged, compared to its average volume of 19,682. CHS has a 52 week low of $25.61 and a 52 week high of $27.35. The firm has a 50 day moving average of $26.18 and a 200 day moving average of $26.52.
CHS Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.4922 dividend. This represents a $1.97 annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, March 17th.
About CHS
CHS Inc (NASDAQ: CHSCO) is a diversified, global agribusiness owned by farmers and ranchers across the United States. Headquartered in Inver Grove Heights, Minnesota, the cooperative operates through multiple business segments that provide products, services and solutions to agricultural producers, food manufacturers and energy customers. CHS leverages its cooperative structure to deliver value to its member-owners while competing as a global agribusiness enterprise.
The company’s agriculture operations include grain marketing, oilseed processing, crop nutrients, seeds, crop protection products and plant nutrition services.