CHS Inc. (NASDAQ:CHSCM) Sees Significant Growth in Short Interest

CHS Inc. (NASDAQ:CHSCM) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,724 shares, an increase of 49.1% from the August 31st total of 4,511 shares. Based on an average trading volume of 22,562 shares, the days-to-cover ratio is presently 0.3 days.

CHS Trading Down 0.4%

NASDAQ CHSCM opened at $23.92 on Friday. CHS has a one year low of $23.42 and a one year high of $25.40. The stock has a 50 day moving average price of $24.35 and a 200-day moving average price of $24.60.

CHS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.4219 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.69 annualized dividend and a yield of 7.1%.

About CHS

CHS Inc is a farmer-owned cooperative and diversified agribusiness company headquartered in Inver Grove Heights, Minnesota. The company provides agricultural products, services and expertise to farmers, ranchers, cooperatives and other customers in the United States and internationally.

Its business activities include grain marketing and handling, crop nutrients, crop protection products, seed, animal nutrition and agricultural supply services. CHS also operates in the energy sector, supplying refined fuels, propane, lubricants and related products through wholesale and retail channels, including the Cenex brand.

CHS serves customers through a network of local cooperatives, agricultural retailers and other business operations.