Finning International Inc. (OTCMKTS:FINGF) Sees Large Increase in Short Interest

Finning International Inc. (OTCMKTS:FINGF) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 375,300 shares, an increase of 134.9% from the March 31st total of 159,800 shares. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is currently 10.6 days.

Finning International Stock Performance

Shares of OTCMKTS:FINGF traded up $0.70 during midday trading on Friday, hitting $31.41. The company’s stock had a trading volume of 19,654 shares, compared to its average volume of 22,768. Finning International has a 12-month low of $24.52 and a 12-month high of $34.93. The business’s 50 day simple moving average is $28.24 and its 200 day simple moving average is $27.95.

Finning International Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were paid a $0.1856 dividend. This represents a yield of 2.77%. This is a positive change from Finning International’s previous dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 21st. Finning International’s dividend payout ratio (DPR) is 37.53%.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.