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

CHS Inc. (NASDAQ:CHSCN) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 102,787 shares, a growth 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 Stock Down 0.1%

CHSCN traded down $0.03 during trading on Friday, hitting $24.99. The company’s stock had a trading volume of 15,633 shares, compared to its average volume of 24,502. CHS has a twelve month low of $24.59 and a twelve month high of $25.78. The business’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $25.19.

CHS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.4438 per share. The ex-dividend date is Wednesday, September 16th. This represents a $1.77 dividend on an annualized basis 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.