Finning International Inc. (OTCMKTS:FINGF) Short Interest Down 5.6% in June

Finning International Inc. (OTCMKTS:FINGF) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 282,200 shares, a drop of 5.6% from the May 31st total of 299,000 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is currently 10.2 days.

Finning International Price Performance

FINGF opened at $29.89 on Thursday. Finning International has a fifty-two week low of $24.52 and a fifty-two week high of $34.93. The company’s 50 day moving average price is $30.24 and its two-hundred day moving average price is $29.07.

Finning International Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.201 per share. This represents a yield of 2.49%. This is a positive change from Finning International’s previous dividend of $0.19. The ex-dividend date of this dividend was Tuesday, May 21st. Finning International’s payout ratio is presently 37.53%.

Finning International Company Profile

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.