Short Interest in Finning International Inc. (OTCMKTS:FINGF) Declines By 32.0%

Finning International Inc. (OTCMKTS:FINGF) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 689,300 shares, adeclineof32.0% from the July 15th total of 1,013,100 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 172.3 days. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 172.3 days.

Finning International Trading Down 1.0%

Shares of OTCMKTS FINGF opened at $40.61 on Friday. The firm’s 50 day moving average price is $42.78 and its 200-day moving average price is $34.75. Finning International has a 52-week low of $23.89 and a 52-week high of $45.55.

Finning International Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd will be issued a $0.2194 dividend. This represents a dividend yield of 214.0%. The ex-dividend date of this dividend is Thursday, August 21st. This is a positive change from Finning International’s previous dividend of $0.22. Finning International’s dividend payout ratio is 37.53%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating on shares of Finning International in a research report on Wednesday, May 14th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research note on Wednesday, May 14th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Monday, July 14th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research note on Wednesday, May 14th. Finally, National Bankshares lowered Finning International from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.