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

CHS Inc. (NASDAQ:CHSCN) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 11,696 shares, an increase of 339.7% from the December 31st total of 2,660 shares. Based on an average daily volume of 16,836 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 16,836 shares, the days-to-cover ratio is presently 0.7 days.

CHS Stock Performance

Shares of NASDAQ:CHSCN traded down $0.01 during midday trading on Thursday, hitting $25.40. 9,195 shares of the company’s stock traded hands, compared to its average volume of 18,080. CHS has a twelve month low of $24.35 and a twelve month high of $26.00. The firm’s fifty day moving average price is $25.14 and its two-hundred day moving average price is $25.23.

CHS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.4438 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.78 annualized dividend and a dividend yield of 7.0%.

CHS Company Profile

CHS Inc is a diversified global cooperative owned by farmers, ranchers and cooperatives across the United States. Established in 1931 and headquartered in Inver Grove Heights, Minnesota, the company operates through a network of locally owned cooperatives, agribusinesses, and operations in energy, grains and foods. As a member-owned organization, CHS focuses on adding value for its owners by providing marketing, distribution and processing services that help rural communities thrive.

The company’s business activities are organized into three primary segments.