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

CHS Inc. (NASDAQ:CHSCN) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 102,787 shares, an increase of 1,316.4% from the June 15th total of 7,257 shares. Based on an average daily volume of 69,836 shares, the days-to-cover ratio is currently 1.5 days.

CHS Price Performance

NASDAQ:CHSCN traded down $0.03 during midday trading on Friday, hitting $24.99. 15,633 shares of the company were exchanged, compared to its average volume of 24,502. CHS has a fifty-two week low of $24.59 and a fifty-two week high of $25.78. The company has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $25.19.

CHS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.4438 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.77 annualized dividend and a dividend yield of 7.1%.

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.