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

Ag Growth International Inc. (OTCMKTS:AGGZF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 258,000 shares, an increase of 23.3% from the May 31st total of 209,200 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 135.8 days.

Ag Growth International Price Performance

Shares of OTCMKTS AGGZF opened at $36.13 on Friday. The business has a 50-day moving average of $37.50 and a 200-day moving average of $40.73. Ag Growth International has a 12 month low of $33.57 and a 12 month high of $47.11.

Ag Growth International Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.1093 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a yield of 1.15%. Ag Growth International’s dividend payout ratio is presently 77.61%.

Ag Growth International Company Profile

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.