Ag Growth International Inc. (OTCMKTS:AGGZF) Sees Significant Growth in Short Interest

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

Ag Growth International Price Performance

OTCMKTS AGGZF opened at $28.66 on Friday. The business’s 50-day moving average price is $34.56 and its 200 day moving average price is $37.34. Ag Growth International has a 52-week low of $27.00 and a 52-week high of $47.11.

Ag Growth International Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.1057 dividend. 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 77.61%.

Analysts Set New Price Targets

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

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.