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

Finning International Inc. (OTCMKTS:FINGF) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 580,900 shares, an increase of 29.1% from the October 31st total of 450,100 shares. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is presently 157.0 days.

Finning International Stock Up 2.1 %

Shares of OTCMKTS:FINGF traded up $0.55 during trading on Monday, hitting $27.08. 100 shares of the company traded hands, compared to its average volume of 16,488. Finning International has a one year low of $23.82 and a one year high of $33.25. The business’s fifty day moving average is $30.02 and its 200-day moving average is $29.49.

Finning International Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be paid a dividend of $0.1973 per share. This represents a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 27th. Finning International’s payout ratio 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.