Short Interest in CHS Inc. (NASDAQ:CHSCM) Drops By 50.4%

CHS Inc. (NASDAQ:CHSCM) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 6,700 shares, a drop of 50.4% from the May 31st total of 13,500 shares. Based on an average trading volume of 28,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On CHS

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

CHS Price Performance

Shares of CHS stock traded up $0.02 during midday trading on Friday, reaching $25.09. 43,337 shares of the company’s stock traded hands, compared to its average volume of 29,316. The stock has a 50 day moving average of $25.28 and a 200-day moving average of $25.18. CHS has a 12 month low of $23.51 and a 12 month high of $26.08.

CHS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4219 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.73%.

CHS Company Profile

CHS Inc, an integrated agricultural company, engages in the provision of grains, food, and energy resources to businesses and consumers worldwide. It is involved in the operation of petroleum refineries and pipelines; the supply, marketing, and distribution of refined fuels; the blending, sale, and distribution of lubricants; and the supply of propane, asphalt, and other natural gas liquids.