CHS Inc. (NASDAQ:CHSCL) Sees Significant Decrease in Short Interest

CHS Inc. (NASDAQ:CHSCL) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 6,123 shares, a drop of 40.3% from the November 30th total of 10,264 shares. Based on an average daily volume of 24,394 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 24,394 shares, the days-to-cover ratio is presently 0.3 days.

CHS Price Performance

CHSCL stock traded down $0.03 during midday trading on Friday, hitting $25.28. The stock had a trading volume of 33,234 shares, compared to its average volume of 29,302. The business has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $25.64. CHS has a 1-year low of $25.15 and a 1-year high of $26.27.

CHS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.4688 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.88 annualized dividend and a yield of 7.4%.

Institutional Trading of CHS

An institutional investor recently raised its position in CHS stock. Moloney Securities Asset Management LLC grew its position in shares of CHS Inc. (NASDAQ:CHSCL) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,707 shares of the company’s stock after acquiring an additional 6,091 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in CHS were worth $2,996,000 as of its most recent filing with the Securities & Exchange Commission.

CHS Company Profile

CHS Inc, whose Class B Common Stock trades on the Nasdaq under the symbol CHSCL, is a diversified global agribusiness cooperative headquartered in Inver Grove Heights, Minnesota. As one of the largest cooperatives of its kind, CHS is owned by farmers, ranchers and cooperatives across the United States, and it serves as a critical link in the agricultural supply chain from field to fork.

The company’s core operations are organized into key segments. In Energy, CHS markets refined fuels, lubricants, propane and renewable products under the Cenex® brand and through strategic partnerships, supporting retail stations, commercial fleets and heating markets.