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

CHS Inc. (NASDAQ:CHSCM) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 23,843 shares, a growth of 93.3% from the April 30th total of 12,336 shares. Based on an average daily volume of 20,794 shares, the days-to-cover ratio is presently 1.1 days.

CHS Stock Up 0.3%

Shares of CHSCM stock opened at $24.99 on Tuesday. The stock has a 50-day moving average of $24.87 and a 200-day moving average of $24.95. CHS has a one year low of $23.72 and a one year high of $25.40.

CHS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of CHS

A hedge fund recently bought a new stake in CHS stock. NBC Securities Inc. bought a new position in shares of CHS Inc. (NASDAQ:CHSCM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,021 shares of the company’s stock, valued at approximately $50,000.

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.