Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Rises By 30.8%

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

Ag Growth International Price Performance

Shares of OTCMKTS AGGZF opened at $28.66 on Thursday. Ag Growth International has a 1-year low of $27.00 and a 1-year high of $47.11. The company has a fifty day moving average price of $34.74 and a 200 day moving average price of $37.40.

Ag Growth International Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a dividend of $0.1057 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 1.19%. Ag Growth International’s dividend payout ratio (DPR) is presently 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 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.