Finning International Inc. (OTCMKTS:FINGF) Sees Significant Growth in Short Interest

Finning International Inc. (OTCMKTS:FINGF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 514,300 shares, an increase of 17.3% from the September 15th total of 438,300 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 302.5 days.

Finning International Price Performance

Finning International stock traded down $0.10 during trading on Tuesday, hitting $31.51. The stock had a trading volume of 800 shares, compared to its average volume of 18,798. The stock’s 50 day moving average is $29.83 and its two-hundred day moving average is $29.91. Finning International has a 1 year low of $23.82 and a 1 year high of $33.25.

Finning International Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd were given a dividend of $0.1992 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a dividend yield of 2.76%. Finning International’s dividend payout ratio is presently 37.53%.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.