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

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

Analyst Upgrades and Downgrades

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 Price Performance

OTCMKTS:AGGZF opened at $27.82 on Friday. Ag Growth International has a 52-week low of $27.00 and a 52-week high of $47.11. The stock has a fifty day moving average of $36.13 and a 200 day moving average of $37.89.

Ag Growth International Cuts Dividend

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

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.