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

CHS Inc. (NASDAQ:CHSCM) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 36,580 shares, a growth of 895.6% from the February 12th total of 3,674 shares. Based on an average daily trading volume, of 30,520 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 30,520 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On CHS

A hedge fund recently bought a new stake in CHS stock. NBC Securities Inc. acquired a new stake in shares of CHS Inc. (NASDAQ:CHSCM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,021 shares of the company’s stock, valued at approximately $50,000.

CHS Stock Performance

NASDAQ CHSCM opened at $25.16 on Wednesday. The business has a 50 day simple moving average of $25.04 and a two-hundred day simple moving average of $24.98. CHS has a 1-year low of $23.72 and a 1-year high of $25.40.

CHS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, March 17th.

About CHS

CHS Inc (NASDAQ: CHSCM) is a diversified, global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States. Headquartered in Inver Grove Heights, Minnesota, the company operates two primary business segments: Energy and Ag Business. Through its Energy segment, CHS markets and distributes refined fuels, lubricants, propane and renewable energy products under the Cenex® brand, and it manages a nationwide network of fuel distribution terminals, convenience stores and retail outlets.

In its Ag Business segment, CHS provides grain marketing, crop nutrients, crop protection products and animal nutrition solutions.