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 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 volume of 3,700 shares, the days-to-cover ratio is currently 157.0 days.

Finning International Stock Performance

FINGF opened at $27.08 on Monday. Finning International has a twelve month low of $23.82 and a twelve month high of $33.25. The firm’s 50-day moving average price is $30.02 and its 200 day moving average price is $29.49.

Finning International Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a $0.1973 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 2.97%. Finning International’s dividend payout ratio (DPR) 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.