CHS Inc. (NASDAQ:CHSCM) Sees Significant Drop in Short Interest

CHS Inc. (NASDAQ:CHSCMGet Free Report) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 6,099 shares, a decrease of 83.3% from the February 26th total of 36,580 shares. Based on an average daily volume of 13,019 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 13,019 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of CHS

An institutional investor recently bought a new position in CHS stock. NBC Securities Inc. purchased a new position in shares of CHS Inc. (NASDAQ:CHSCMFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,021 shares of the company’s stock, valued at approximately $50,000.

CHS Stock Down 0.8%

Shares of NASDAQ CHSCM traded down $0.21 during mid-day trading on Tuesday, reaching $24.66. The company had a trading volume of 14,557 shares, compared to its average volume of 19,749. The business’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $24.99. CHS has a one year low of $23.72 and a one year high of $25.40.

CHS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, March 17th.

About CHS

(Get Free Report)

CHS Inc (NASDAQ: CHSCM) is a diversified, global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States. Headquartered in Inver Grove Heights, Minnesota, the company operates two primary business segments: Energy and Ag Business. Through its Energy segment, CHS markets and distributes refined fuels, lubricants, propane and renewable energy products under the Cenex® brand, and it manages a nationwide network of fuel distribution terminals, convenience stores and retail outlets.

In its Ag Business segment, CHS provides grain marketing, crop nutrients, crop protection products and animal nutrition solutions.

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