Ag Growth International Inc. (OTCMKTS:AGGZF) Short Interest Update

Ag Growth International Inc. (OTCMKTS:AGGZF) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 288,900 shares, an increase of 12.5% from the October 15th total of 256,800 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 103.2 days.

Ag Growth International Stock Performance

OTCMKTS:AGGZF opened at $36.94 on Friday. The stock has a 50-day moving average price of $37.94 and a 200 day moving average price of $38.03. Ag Growth International has a 12-month low of $33.57 and a 12-month high of $47.11.

Ag Growth International Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.1104 per share. The ex-dividend date was Friday, September 27th. This is a positive change from Ag Growth International’s previous dividend of $0.11. This represents a yield of 1.08%. Ag Growth International’s dividend payout ratio is presently 77.61%.

Analyst Ratings Changes

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