Finning International Inc. (OTCMKTS:FINGF) Short Interest Up 116.0% in January

Finning International Inc. (OTCMKTS:FINGF) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 562,800 shares, an increase of 116.0% from the January 15th total of 260,500 shares. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is currently 70.4 days.

Finning International Price Performance

FINGF stock opened at $31.04 on Friday. The firm has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $28.42. Finning International has a one year low of $23.82 and a one year high of $33.25.

Finning International Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 21st will be given a dividend of $0.1925 per share. This represents a dividend yield of 2.48%. The ex-dividend date is Thursday, February 20th. Finning International’s payout ratio is 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.