CHS Inc. (NASDAQ:CHSCL) Sees Large Growth in Short Interest

CHS Inc. (NASDAQ:CHSCL) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 27,248 shares, an increase of 36.1% from the February 12th total of 20,024 shares. Based on an average daily volume of 36,461 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 36,461 shares, the short-interest ratio is presently 0.7 days.

CHS Trading Down 0.4%

Shares of NASDAQ:CHSCL traded down $0.10 during midday trading on Friday, reaching $25.76. The company had a trading volume of 20,542 shares, compared to its average volume of 24,240. The company has a fifty day simple moving average of $25.70 and a two-hundred day simple moving average of $25.65. CHS has a 1-year low of $25.15 and a 1-year high of $26.10.

CHS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.4688 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.88 dividend on an annualized basis and a yield of 7.3%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CHS stock. IMA Advisory Services Inc. purchased a new stake in shares of CHS Inc. (NASDAQ:CHSCL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,896 shares of the company’s stock, valued at approximately $177,000.

CHS Company Profile

CHS Inc, whose Class B Common Stock trades on the Nasdaq under the symbol CHSCL, is a diversified global agribusiness cooperative headquartered in Inver Grove Heights, Minnesota. As one of the largest cooperatives of its kind, CHS is owned by farmers, ranchers and cooperatives across the United States, and it serves as a critical link in the agricultural supply chain from field to fork.

The company’s core operations are organized into key segments. In Energy, CHS markets refined fuels, lubricants, propane and renewable products under the Cenex® brand and through strategic partnerships, supporting retail stations, commercial fleets and heating markets.