Finning International Inc. (OTCMKTS:FINGF) Sees Large Increase in Short Interest

Finning International Inc. (OTCMKTS:FINGF) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 580,900 shares, a growth of 29.1% from the October 31st total of 450,100 shares. Based on an average daily volume of 3,700 shares, the short-interest ratio is presently 157.0 days.

Finning International Price Performance

FINGF traded up $0.55 during trading hours on Friday, hitting $27.08. 150 shares of the company’s stock were exchanged, compared to its average volume of 16,488. Finning International has a 12-month low of $23.82 and a 12-month high of $33.25. The firm has a 50 day moving average of $30.02 and a 200 day moving average of $29.49.

Finning International Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a $0.1973 dividend. This represents a yield of 2.97%. The ex-dividend date is Wednesday, November 27th. Finning International’s dividend payout ratio is currently 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.