Short Interest in Ag Growth International Inc. (OTCMKTS:AGGZF) Expands By 16.4%

Ag Growth International Inc. (OTCMKTS:AGGZF – Get Rating) saw a large growth in short interest in December. As of December 30th, there was short interest totalling 105,100 shares, a growth of 16.4% from the December 15th total of 90,300 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 350.3 days.

Analysts Set New Price Targets

AGGZF has been the topic of a number of research reports. Raymond James boosted their price objective on Ag Growth International from C$50.00 to C$55.00 in a research note on Thursday, November 10th. Scotiabank boosted their target price on Ag Growth International from C$52.50 to C$55.00 in a research report on Thursday, November 10th. CIBC boosted their target price on Ag Growth International from C$53.00 to C$62.00 in a research report on Thursday, January 12th. TD Securities boosted their target price on Ag Growth International from C$49.00 to C$53.00 in a research report on Friday, November 11th. Finally, National Bank Financial boosted their target price on Ag Growth International from C$52.00 to C$53.00 in a research report on Thursday, November 10th.

Ag Growth International Price Performance

Shares of Ag Growth International stock opened at $32.84 on Friday. Ag Growth International has a 12-month low of $22.73 and a 12-month high of $34.95. The stock’s fifty day moving average is $32.25 and its 200-day moving average is $28.40.

Ag Growth International Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were given a dividend of $0.1095 per share. This represents a yield of 1.33%. The ex-dividend date was Thursday, December 29th.

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.