CHS Inc. (NASDAQ:CHSCP) Sees Significant Growth in Short Interest

CHS Inc. (NASDAQ:CHSCP) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 17,600 shares, a growth of 506.9% from the November 15th total of 2,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC boosted its holdings in shares of CHS Inc. (NASDAQ:CHSCP) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,953 shares of the company’s stock after purchasing an additional 2,553 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in CHS were worth $551,000 at the end of the most recent reporting period.

CHS Price Performance

Shares of NASDAQ CHSCP traded up $0.37 during trading hours on Friday, hitting $29.01. 925 shares of the stock were exchanged, compared to its average volume of 11,520. CHS has a 12 month low of $28.17 and a 12 month high of $33.41. The company has a current ratio of 1.61, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $29.66 and a 200-day moving average price of $30.09.

CHS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Tuesday, December 17th.

CHS Company Profile

CHS Inc, an integrated agricultural company, engages in the provision of grains, food, and energy resources to businesses and consumers worldwide. It is involved in the operation of petroleum refineries and pipelines; the supply, marketing, and distribution of refined fuels; the blending, sale, and distribution of lubricants; and the supply of propane, asphalt, and other natural gas liquids.