Ag Growth International Inc. (OTCMKTS:AGGZF) Short Interest Update

Ag Growth International Inc. (OTCMKTS:AGGZF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 286,700 shares, an increase of 30.8% from the December 31st total of 219,200 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is currently 66.7 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James set a $62.00 price target on shares of Ag Growth International and gave the company a “market perform” rating in a research report on Friday, October 18th.

Ag Growth International Price Performance

Ag Growth International stock opened at $28.66 on Friday. Ag Growth International has a fifty-two week low of $27.00 and a fifty-two week high of $47.11. The stock has a fifty day moving average of $34.56 and a two-hundred day moving average of $37.34.

Ag Growth International Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a $0.1057 dividend. This represents a yield of 1.19%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s payout ratio is 77.61%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.