Finning International Inc. (OTCMKTS:FINGF) Short Interest Update

Finning International Inc. (OTCMKTS:FINGF) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 562,800 shares, an increase of 116.0% from the January 15th total of 260,500 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 70.4 days.

Finning International Price Performance

Shares of FINGF stock traded up $0.16 during midday trading on Thursday, reaching $30.61. 1,385 shares of the company traded hands, compared to its average volume of 13,066. The firm’s 50 day simple moving average is $26.75 and its two-hundred day simple moving average is $28.41. Finning International has a 1-year low of $23.82 and a 1-year high of $33.25.

Finning International Cuts Dividend

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