Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Rises By 26.7%

Ag Growth International Inc. (OTCMKTS:AGGZFGet Rating) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 168,400 shares, a growth of 26.7% from the May 15th total of 132,900 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 210.5 days.

Shares of OTCMKTS:AGGZF opened at $23.11 on Friday. Ag Growth International has a 12 month low of $20.53 and a 12 month high of $34.95. The company has a 50-day moving average price of $28.04 and a 200 day moving average price of $28.05.

The company also recently disclosed a dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a $0.1166 dividend. This represents a yield of 1.35%. The ex-dividend date was Wednesday, March 30th.

A number of brokerages have issued reports on AGGZF. Desjardins increased their price target on Ag Growth International from C$49.00 to C$53.00 in a research note on Friday, March 11th. Royal Bank of Canada increased their price target on Ag Growth International from C$45.00 to C$50.00 in a research note on Thursday, March 17th. Scotiabank raised their price objective on Ag Growth International from C$50.00 to C$52.00 in a research report on Wednesday, April 20th. Raymond James raised their price objective on Ag Growth International from C$45.00 to C$50.00 in a research report on Thursday, March 10th. Finally, National Bank Financial raised their price objective on Ag Growth International from C$46.00 to C$49.00 in a research report on Friday, March 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $50.17.

About Ag Growth International (Get Rating)

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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