Short Interest in CHS Inc. (NASDAQ:CHSCP) Grows By 139.4%

CHS Inc. (NASDAQ:CHSCP) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 7,900 shares, a growth of 139.4% from the February 28th total of 3,300 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC grew its stake in shares of CHS Inc. (NASDAQ:CHSCP) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,506 shares of the company’s stock after buying an additional 5,487 shares during the period. Moloney Securities Asset Management LLC’s holdings in CHS were worth $748,000 at the end of the most recent reporting period.

CHS Price Performance

CHSCP traded up $0.16 during trading on Friday, reaching $28.39. 1,220 shares of the stock were exchanged, compared to its average volume of 13,568. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.21. CHS has a 1 year low of $27.06 and a 1 year high of $33.41. The business’s 50 day moving average price is $28.29 and its two-hundred day moving average price is $29.00.

CHS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 7.04%.

About CHS

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.