Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Expands By 12.5%

Ag Growth International Inc. (OTCMKTS:AGGZF) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 288,900 shares, a growth of 12.5% from the October 15th total of 256,800 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is presently 103.2 days.

Ag Growth International Price Performance

AGGZF stock opened at $36.94 on Friday. Ag Growth International has a 12-month low of $33.57 and a 12-month high of $47.11. The stock has a 50-day moving average price of $38.02 and a two-hundred day moving average price of $38.10.

Ag Growth International Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.1104 per share. This represents a yield of 1.08%. This is a boost from Ag Growth International’s previous dividend of $0.11. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio is 77.61%.

Analyst Ratings Changes

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

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.