Short Interest in CHS Inc. (NASDAQ:CHSCP) Increases By 139.4%

CHS Inc. (NASDAQ:CHSCP) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,900 shares, a growth of 139.4% from the February 28th total of 3,300 shares. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC increased its holdings in CHS Inc. (NASDAQ:CHSCP) by 26.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,506 shares of the company’s stock after purchasing an additional 5,487 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in CHS were worth $748,000 at the end of the most recent reporting period.

CHS Price Performance

CHSCP stock traded down $0.28 during trading on Friday, hitting $27.95. 30,759 shares of the company traded hands, compared to its average volume of 13,710. CHS has a 1 year low of $27.06 and a 1 year high of $33.41. The stock’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $28.99. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.21.

CHS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.16%.

CHS Company Profile

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.