Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Drops By 11.5%

Ag Growth International Inc. (OTCMKTS:AGGZFGet Rating) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 98,100 shares, a drop of 11.5% from the October 15th total of 110,800 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 122.6 days.

Ag Growth International Price Performance

AGGZF stock opened at $29.92 on Wednesday. The firm has a 50-day simple moving average of $25.79 and a two-hundred day simple moving average of $26.18. Ag Growth International has a one year low of $22.73 and a one year high of $34.95.

Ag Growth International Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.1112 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a yield of 1.62%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AGGZF shares. TD Securities lifted their price objective on shares of Ag Growth International from C$49.00 to C$53.00 in a research note on Friday, November 11th. Raymond James increased their target price on shares of Ag Growth International from C$50.00 to C$55.00 in a research report on Thursday, November 10th. Desjardins upped their price target on shares of Ag Growth International from C$48.00 to C$53.00 in a research note on Monday, August 15th. Scotiabank raised their price objective on shares of Ag Growth International from C$52.50 to C$55.00 in a research report on Thursday, November 10th. Finally, National Bank Financial raised their price target on shares of Ag Growth International from C$52.00 to C$53.00 in a report on Thursday, November 10th.

About Ag Growth International

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Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.

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