Short Interest in CHS Inc. (NASDAQ:CHSCM) Rises By 119.4%
by Doug Wharley · The Cerbat GemCHS Inc. (NASDAQ:CHSCM – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 13,380 shares, a growth of 119.4% from the March 15th total of 6,099 shares. Based on an average daily trading volume, of 40,585 shares, the short-interest ratio is presently 0.3 days.
CHS Trading Up 0.2%
CHSCM traded up $0.05 during trading on Friday, hitting $24.83. 8,851 shares of the stock traded hands, compared to its average volume of 23,173. The firm has a 50-day moving average of $24.93 and a 200 day moving average of $24.93. CHS has a 12-month low of $23.72 and a 12-month high of $25.40.
CHS Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, June 15th.
Hedge Funds Weigh In On CHS
An institutional investor recently bought a new position in CHS stock. NBC Securities Inc. purchased a new stake in shares of CHS Inc. (NASDAQ:CHSCM – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,021 shares of the company’s stock, valued at approximately $50,000.
CHS Company Profile
CHS Inc (NASDAQ: CHSCM) is a diversified, global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States. Headquartered in Inver Grove Heights, Minnesota, the company operates two primary business segments: Energy and Ag Business. Through its Energy segment, CHS markets and distributes refined fuels, lubricants, propane and renewable energy products under the Cenex® brand, and it manages a nationwide network of fuel distribution terminals, convenience stores and retail outlets.
In its Ag Business segment, CHS provides grain marketing, crop nutrients, crop protection products and animal nutrition solutions.