CHS Inc. (NASDAQ:CHSCM) Sees Large Decrease in Short Interest

CHS Inc. (NASDAQ:CHSCM) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 6,099 shares, a decline of 83.3% from the February 26th total of 36,580 shares. Based on an average daily trading volume, of 13,019 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On CHS

A hedge fund recently bought a new stake in CHS stock. NBC Securities Inc. purchased a new position in CHS Inc. (NASDAQ:CHSCM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,021 shares of the company’s stock, valued at approximately $50,000.

CHS Stock Down 0.2%

CHSCM opened at $24.60 on Thursday. CHS has a 12-month low of $23.72 and a 12-month high of $25.40. The firm’s fifty day moving average price is $25.05 and its 200 day moving average price is $24.98.

CHS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, March 17th.

About CHS

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.