Finning International Inc. (OTCMKTS:FINGF) Short Interest Up 107.8% in April

Finning International Inc. (OTCMKTS:FINGF – Get Rating) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 619,900 shares, a growth of 107.8% from the April 15th total of 298,300 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 516.6 days.

FINGF remained flat at $$26.01 during trading on Friday. Finning International has a fifty-two week low of $22.10 and a fifty-two week high of $32.23. The business has a 50 day moving average of $29.39 and a 200-day moving average of $28.09.

The company also recently announced a dividend, which was paid on Thursday, March 10th. Investors of record on Thursday, February 24th were paid a $0.177 dividend. The ex-dividend date was Wednesday, February 23rd. This represents a yield of 2.31%.

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Finning International from C$43.00 to C$47.00 in a research report on Thursday, February 10th. Canaccord Genuity Group increased their price objective on Finning International from C$44.00 to C$46.00 and gave the stock a “buy” rating in a research report on Thursday, February 10th. BMO Capital Markets increased their price objective on Finning International from C$35.00 to C$38.00 in a research report on Thursday, February 10th. Finally, Scotiabank increased their price objective on Finning International from C$45.00 to C$46.00 in a research report on Friday, April 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $44.44.

About Finning International (Get Rating)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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