CHS Inc. (NASDAQ:CHSCP) Sees Large Increase in Short Interest

CHS Inc. (NASDAQ:CHSCP) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,800 shares, a growth of 40.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 11,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

CHS Price Performance

CHSCP traded up $0.27 during trading on Friday, reaching $30.56. The company had a trading volume of 13,304 shares, compared to its average volume of 11,053. The company has a quick ratio of 0.91, a current ratio of 1.58 and a debt-to-equity ratio of 0.20. The business has a 50 day simple moving average of $29.95 and a 200-day simple moving average of $30.48. CHS has a 52 week low of $28.78 and a 52 week high of $33.41.

CHS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 6.54%.

Institutional Trading of CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC lifted its holdings in CHS Inc. (NASDAQ:CHSCP) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,953 shares of the company’s stock after buying an additional 2,553 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in CHS were worth $551,000 at the end of the most recent quarter.

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.