Finning International Inc. (OTCMKTS:FINGF – Get Rating) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 317,800 shares, a decline of 32.2% from the August 15th total of 468,800 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is currently 132.4 days.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on FINGF shares. National Bank Financial dropped their price target on Finning International from C$46.00 to C$40.00 in a research report on Wednesday, July 13th. BMO Capital Markets dropped their target price on Finning International from C$38.00 to C$32.00 in a research report on Monday, June 27th. Canaccord Genuity Group dropped their target price on Finning International from C$46.00 to C$42.00 and set a "buy" rating on the stock in a research report on Monday, August 1st. Finally, Scotiabank dropped their target price on Finning International from C$46.00 to C$38.00 in a research report on Monday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.89.
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Finning International Stock Performance
FINGF opened at $21.86 on Friday. The stock has a 50-day moving average of $21.13 and a 200-day moving average of $25.15. Finning International has a 52-week low of $18.34 and a 52-week high of $32.23.
Finning International Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a dividend of $0.1835 per share. This represents a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, August 17th. This is an increase from Finning International's previous dividend of $0.18.
About Finning International
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Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.
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