Finning International Inc. (OTCMKTS:FINGF) Shares Shorted: Short Interest Down 37.6% in September

Finning International Inc. (OTCMKTS:FINGF) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 878,279 shares, a decrease of 37.6% from the September 15th total of 1,407,582 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 53,998 shares, the days-to-cover ratio is currently 16.3 days.

Finning International Price Performance

Shares of OTCMKTS FINGF opened at $69.45 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. Finning International has a 12-month low of $48.60 and a 12-month high of $81.12. The business’s fifty day simple moving average is $69.79 and its 200-day simple moving average is $70.21.

Finning International (OTCMKTS:FINGF) last released its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. Finning International had a return on equity of 19.85% and a net margin of 4.93%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $1.94 billion.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FINGF shares. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy”.

Finning International Company Profile

Finning International Inc is a Canadian distributor of Caterpillar equipment and related services. Founded in 1933 by Earl Finning, the company has grown into one of the world’s largest Caterpillar dealerships, serving customers in the construction, mining, energy, forestry, agriculture, and government sectors.

The company sells and rents new and used heavy equipment, including excavators, trucks, loaders, and other machinery. It also provides replacement parts, equipment maintenance and repair, fleet management, technology solutions, and power systems.