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

Finning International Inc. (OTCMKTS:FINGFGet Rating) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 255,900 shares, a decrease of 38.0% from the March 15th total of 412,500 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is currently 98.4 days.

Shares of OTCMKTS FINGF traded down $0.44 during trading hours on Friday, hitting $30.06. 1,300 shares of the company traded hands, compared to its average volume of 2,106. The company’s 50 day moving average price is $29.76 and its 200 day moving average price is $27.93. Finning International has a 12 month low of $22.10 and a 12 month high of $32.23.

The company also recently announced a dividend, which was paid on Thursday, March 10th. Shareholders of record on Thursday, February 24th were issued a $0.177 dividend. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, February 23rd.

FINGF has been the topic of a number of research analyst reports. Canaccord Genuity Group increased their target price on Finning International from C$44.00 to C$46.00 and gave the company a “buy” rating in a research note on Thursday, February 10th. Royal Bank of Canada raised their price target on Finning International from C$43.00 to C$47.00 in a research note on Thursday, February 10th. BMO Capital Markets raised their price target on Finning International from C$35.00 to C$38.00 in a research note on Thursday, February 10th. National Bankshares increased their price objective on Finning International from C$45.00 to C$46.00 in a report on Wednesday, January 5th. Finally, Scotiabank increased their price objective on Finning International from C$43.00 to C$45.00 in a report on Thursday, February 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $44.30.

Finning International Company Profile (Get Rating)

Finning International, Inc engages in the sale, service, and renting out heavy equipment, engines, and related products. It operates through the following business segments: Canadian Operations, South American Operations, UK & Ireland Operations, and Other. The Canadian Operations segment is comprised of British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut.

Further Reading

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