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

Finning International Inc. (OTCMKTS:FINGFGet Rating) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 619,900 shares, an increase of 107.8% from the April 15th total of 298,300 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is presently 516.6 days.

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Finning International from C$43.00 to C$47.00 in a report on Thursday, February 10th. BMO Capital Markets increased their target price on shares of Finning International from C$35.00 to C$38.00 in a research report on Thursday, February 10th. Canaccord Genuity Group increased their target price on shares of Finning International from C$44.00 to C$46.00 and gave the company a “buy” rating in a research report on Thursday, February 10th. Finally, Scotiabank boosted their target price on shares of Finning International from C$45.00 to C$46.00 in a report on Friday, April 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $44.44.

Shares of OTCMKTS FINGF remained flat at $$26.01 during mid-day trading on Friday. Finning International has a fifty-two week low of $22.10 and a fifty-two week high of $32.23. The stock has a 50-day simple moving average of $29.39 and a 200 day simple moving average of $28.09.

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

Finning International Company Profile (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.

Recommended Stories

Receive News & Ratings for Finning International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finning International and related companies with MarketBeat.com's FREE daily email newsletter.