Ag Growth International Inc. (OTCMKTS:AGGZF) Sees Large Growth in Short Interest

Ag Growth International Inc. (OTCMKTS:AGGZF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 286,700 shares, an increase of 30.8% from the December 31st total of 219,200 shares. Based on an average daily volume of 4,300 shares, the short-interest ratio is presently 66.7 days.

Analyst Upgrades and Downgrades

Separately, Raymond James set a $62.00 price target on Ag Growth International and gave the stock a “market perform” rating in a research report on Friday, October 18th.

Ag Growth International Stock Performance

OTCMKTS:AGGZF remained flat at $28.66 during trading hours on Friday. The company’s stock had a trading volume of 4,090 shares, compared to its average volume of 7,711. The company’s fifty day moving average is $34.19 and its 200 day moving average is $37.21. Ag Growth International has a 12-month low of $27.00 and a 12-month high of $47.11.

Ag Growth International Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a dividend of $0.1057 per share. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 1.19%. Ag Growth International’s dividend payout ratio (DPR) is presently 77.61%.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.