Short Interest in Finning International Inc. (OTCMKTS:FINGF) Increases By 16.6%

Finning International Inc. (OTCMKTS:FINGFGet Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 298,300 shares, an increase of 16.6% from the March 31st total of 255,900 shares. Based on an average daily trading volume, of 4,100 shares, the short-interest ratio is presently 72.8 days.

FINGF has been the topic of several research analyst reports. Scotiabank lifted their price objective on Finning International from C$45.00 to C$46.00 in a report on Friday, April 22nd. Canaccord Genuity Group lifted their price objective on Finning International from C$44.00 to C$46.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. BMO Capital Markets lifted their price objective on Finning International from C$35.00 to C$38.00 in a report on Thursday, February 10th. Finally, Royal Bank of Canada lifted their price objective on Finning International from C$43.00 to C$47.00 in a report on Thursday, February 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Finning International has an average rating of “Buy” and a consensus price target of $44.40.

Shares of Finning International stock opened at $29.01 on Friday. The stock’s 50 day simple moving average is $29.71 and its 200-day simple moving average is $28.25. Finning International has a 1-year low of $22.10 and a 1-year high of $32.23.

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

About Finning International (Get Rating)

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.

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