Ag Growth International Inc. (OTCMKTS:AGGZF) Short Interest Up 30.8% in December

Ag Growth International Inc. (OTCMKTS:AGGZF) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 286,700 shares, an increase of 30.8% from the December 15th total of 219,200 shares. Based on an average trading volume of 4,300 shares, the short-interest ratio is currently 66.7 days.

Analyst Ratings Changes

Separately, Raymond James set a $62.00 price objective 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 Trading Down 3.2 %

Shares of AGGZF opened at $27.78 on Friday. Ag Growth International has a 52 week low of $27.78 and a 52 week high of $47.11. The firm’s 50-day simple moving average is $36.27 and its 200 day simple moving average is $37.96.

Ag Growth International Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a $0.1057 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 1.19%. Ag Growth International’s payout ratio is currently 77.61%.

About Ag Growth International

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.