Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Drops By 23.8%

Ag Growth International Inc. (OTCMKTS:AGGZF) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 220,100 shares, a decrease of 23.8% from the October 31st total of 288,900 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 40.8 days.

Wall Street Analysts Forecast Growth

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

Ag Growth International Stock Performance

Shares of AGGZF remained flat at $37.77 during trading hours on Friday. The stock had a trading volume of 2,093 shares, compared to its average volume of 1,696. The company’s 50 day simple moving average is $37.33 and its 200 day simple moving average is $38.16. Ag Growth International has a 52 week low of $33.57 and a 52 week high of $47.11.

Ag Growth International Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.1104 dividend. This is a positive change from Ag Growth International’s previous dividend of $0.11. This represents a yield of 1.08%. The ex-dividend date of this dividend was Friday, September 27th. 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.