CHS Inc. (NASDAQ:CHSCL) Sees Significant Increase in Short Interest

CHS Inc. (NASDAQ:CHSCL) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 29,916 shares, a growth of 97.2% from the April 30th total of 15,173 shares. Based on an average daily volume of 16,287 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On CHS

A hedge fund recently bought a new stake in CHS stock. IMA Advisory Services Inc. acquired a new position in CHS Inc. (NASDAQ:CHSCL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,896 shares of the company’s stock, valued at approximately $177,000.

CHS Trading Up 0.5%

Shares of NASDAQ:CHSCL opened at $25.87 on Tuesday. CHS has a 1 year low of $25.15 and a 1 year high of $26.09. The business has a fifty day simple moving average of $25.60 and a 200 day simple moving average of $25.61.

CHS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, June 15th.

About CHS

CHS Inc, whose Class B Common Stock trades on the Nasdaq under the symbol CHSCL, is a diversified global agribusiness cooperative headquartered in Inver Grove Heights, Minnesota. As one of the largest cooperatives of its kind, CHS is owned by farmers, ranchers and cooperatives across the United States, and it serves as a critical link in the agricultural supply chain from field to fork.

The company’s core operations are organized into key segments. In Energy, CHS markets refined fuels, lubricants, propane and renewable products under the Cenex® brand and through strategic partnerships, supporting retail stations, commercial fleets and heating markets.