CHS Inc. (NASDAQ:CHSCN) Sees Large Drop in Short Interest

CHS Inc. (NASDAQ:CHSCN) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 9,695 shares, a drop of 39.8% from the August 31st total of 16,094 shares. Based on an average trading volume of 14,350 shares, the short-interest ratio is currently 0.7 days.

CHS Stock Down 0.8%

Shares of CHSCN opened at $24.58 on Thursday. CHS has a twelve month low of $24.21 and a twelve month high of $25.58. The stock’s fifty day simple moving average is $25.04 and its 200 day simple moving average is $25.07.

CHS Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.4437 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $1.77 annualized dividend and a yield of 7.2%.

CHS Company Profile

CHS Inc is a farmer-owned cooperative and diversified agribusiness headquartered in Inver Grove Heights, Minnesota. The company serves agricultural producers, cooperatives and other customers through businesses spanning grain and oilseed handling, crop inputs, energy, and food and feed ingredients.

Its agricultural operations market and handle corn, soybeans, wheat and other commodities, while supplying farmers with seed, crop protection products, fertilizers and related services. CHS also processes oilseeds and produces food, feed and industrial ingredients.