Short Interest in CHS Inc. (NASDAQ:CHSCO) Increases By 517.6%

CHS Inc. (NASDAQ:CHSCO) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 21,000 shares, a growth of 517.6% from the February 29th total of 3,400 shares. Based on an average daily volume of 20,600 shares, the short-interest ratio is currently 1.0 days.

CHS Stock Performance

Shares of CHS stock opened at $27.02 on Thursday. The stock’s 50-day moving average is $26.82 and its 200-day moving average is $26.43. CHS has a one year low of $25.46 and a one year high of $27.51.

CHS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.4922 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.97 annualized dividend and a yield of 7.29%.

Institutional Investors Weigh In On CHS

A hedge fund recently bought a new stake in CHS stock. Davidson Investment Advisors purchased a new position in shares of CHS Inc. (NASDAQ:CHSCO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,600 shares of the company’s stock, valued at approximately $337,000.

About CHS

CHS Inc, an integrated agricultural company, engages in the provision of grains, food, and energy resources to businesses and consumers worldwide. It is involved in the operation of petroleum refineries and pipelines; the supply, marketing, and distribution of refined fuels; the blending, sale, and distribution of lubricants; and the supply of propane, asphalt, and other natural gas liquids.