Short Interest Change: Agrium Incorporated (NYSE:AGU) Can’t Be Less Risky. Short Interest Decreased

November 23, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Change: Agrium Incorporated (NYSE:AGU) Can't Be Less Risky. Short Interest Decreased

The stock of Agrium Incorporated (NYSE:AGU) registered a decrease of 6.02% in short interest. AGU’s total short interest was 3.46M shares in November as published by FINRA. Its down 6.02% from 3.68M shares, reported previously. With 404,500 shares average volume, it will take short sellers 9 days to cover their AGU’s short positions. The short interest to Agrium Incorporated’s float is 2.51%. About 214,641 shares traded hands. Agrium Inc. (USA) (NYSE:AGU) has risen 15.44% since April 21, 2016 and is uptrending. It has outperformed by 10.11% the S&P500.

Agrium Inc. is a producer and distributor of agricultural services and products. The company has a market cap of $13.32 billion. The Firm categorizes its divisions within the Retail and Wholesale business units. It has a 18.62 P/E ratio. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical divisions: North America, which includes the United States and Canada, and International, which includes Australia and South America.

Agrium Inc. (USA) (NYSE:AGU) Ratings Coverage

Out of 19 analysts covering Agrium Inc. (NYSE:AGU), 6 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 32% are positive. Agrium Inc. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Bank of America downgraded the stock to “Underperform” rating in Tuesday, September 13 report. The firm has “Sell” rating given on Monday, September 7 by Zacks. RBC Capital Markets maintained the shares of AGU in a report on Wednesday, October 21 with “Outperform” rating. The stock of Agrium Inc. (USA) (NYSE:AGU) has “Overweight” rating given on Thursday, February 11 by Barclays Capital. The stock of Agrium Inc. (USA) (NYSE:AGU) earned “Hold” rating by Stifel Nicolaus on Tuesday, May 31. The rating was maintained by Susquehanna on Tuesday, January 26 with “Positive”. The rating was downgraded by Credit Agricole to “Sell” on Thursday, June 9. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, September 13. The stock of Agrium Inc. (USA) (NYSE:AGU) earned “Sell” rating by CLSA on Thursday, June 9. CLSA upgraded the stock to “Underperform” rating in Friday, August 5 report.

AGU Company Profile

Agrium Inc., incorporated on December 21, 1992, is a producer and distributor of agricultural services and products in North America, South America, Australia and Egypt through its agricultural retail-distribution and wholesale nutrient businesses. The Firm supplies growers with services and products, such as crop nutrients, crop protection, seed, and agronomic and application services. The Firm categorizes its divisions within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical divisions: North America, which includes the United States and Canada, and International, which includes Australia and South America. The Wholesale business unit produces, markets and distributes crop nutrients and industrial products through businesses, including Nitrogen, which includes manufacturing in Alberta, Texas and Argentina; Potash, which includes mining and processing in Saskatchewan; Phosphate, which includes mining and production facilities in Alberta and Idaho, and Wholesale Other, which includes purchasing and reselling crop nutrient products from other suppliers to clients in the Americas and Europe, and producing blended crop nutrients and environmentally smart nitrogen (ESN) polymer-coated nitrogen crop nutrients. The Company’s services and solutions include agronomic analysis and advice, field scouting and monitoring, precision agriculture technology and product application services. The Company’s subsidiaries include Agrium, a general partnership, Agrium Europe S.A., Agrium U.S. Inc., Agroservicios Pampeanos S.A., Crop Production Services, Inc., Crop Production Services (Canada) Inc., Landmark Operations Ltd. and Loveland Products Inc.

More notable recent Agrium Inc. (USA) (NYSE:AGU) news were published by: Fool.ca which released: “What an Agrium Inc. Merger Means for Potash Corporation of Saskatchewan Inc …” on September 06, 2016, also Fool.ca with their article: “Making Sense of the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger” published on October 19, 2016, Fool.ca published: “Agrium Inc. Just Lost its Biggest Competitive Advantage” on September 20, 2016. More interesting news about Agrium Inc. (USA) (NYSE:AGU) were released by: Investorplace.com and their article: “Bear of the Day: Agrium Inc. (USA) (AGU)” published on August 15, 2016 as well as Fool.ca‘s news article titled: “What the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger Means for …” with publication date: September 17, 2016.

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By Linda Rogers


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