CHS Inc (NASDAQ:CHSCP) Sees Large Drop in Short Interest

CHS Inc (NASDAQ:CHSCP) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 17,698 shares, a drop of 63.6% from the June 30th total of 48,657 shares. Based on an average trading volume of 14,572 shares, the days-to-cover ratio is presently 1.2 days.

CHS Stock Performance

Shares of CHSCP opened at $26.56 on Monday. CHS has a 52-week low of $26.51 and a 52-week high of $30.57. The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $27.22 and its 200-day moving average is $27.71.

CHS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, September 16th.

CHS Company Profile

CHS Inc (NASDAQ: CHSCP) is a global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States. The company operates through two primary segments: energy and agriculture. In its energy segment, CHS markets refined fuels, lubricants, propane and renewable energy products under the Cenex® brand and supplies wholesale fuel to a network of branded and unbranded retail sites. Its agriculture segment provides grain marketing, oilseed processing, crop nutrients, agronomy services and risk management solutions to producers in North America and key global markets.

The company’s product portfolio spans a wide range of offerings designed to support food and energy supply chains.