Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Rises By 30.8%

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

Ag Growth International Trading Up 0.1 %

Ag Growth International stock opened at $27.82 on Friday. The firm has a 50 day simple moving average of $36.13 and a 200 day simple moving average of $37.89. Ag Growth International has a 1-year low of $27.00 and a 1-year high of $47.11.

Ag Growth International Cuts Dividend

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

Analysts Set New Price Targets

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

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.