Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Drops By 23.8%

Ag Growth International Inc. (OTCMKTS:AGGZF) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 220,100 shares, a decline of 23.8% from the October 31st total of 288,900 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 40.8 days.

Analysts Set New Price Targets

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

Ag Growth International Price Performance

AGGZF stock opened at $37.77 on Friday. The stock has a 50-day moving average price of $37.33 and a two-hundred day moving average price of $38.14. Ag Growth International has a 12-month low of $33.57 and a 12-month high of $47.11.

Ag Growth International Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.1104 per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Ag Growth International’s previous dividend of $0.11. Ag Growth International’s payout ratio is currently 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.