( ) saw a notable increase in short interest during the month of May. On May 31, there were 200 shares of short interest, an increase of 100.0% compared to the 100 shares on May 15. The short-interest rate is 2.0 days based on an average volume of 100 shares.
Elders Stock Performance
Tuesday, the price remained unchanged at $21.66. Elders's 1 year low is $21.33 while its 1 year high is $34.53. A dividend was also announced by the company, and will be paid out on Friday, 7th July. Investors who held shares on Thursday, 25th May will receive a $0.2307 dividend per share. This dividend will be paid on Wednesday, May 24, at the latest. This yield is 5.07%.
Analysts set new price targets
Separately The Goldman Sachs Group downgraded Elders in a Monday, April 17th report from a "conviction-buy" rating to a "buy".
Elders Limited offers agricultural products and services primarily to rural and regional Australian customers. The company is divided into three segments: Branch Network, Wholesale Products and Feed and Processing Services. It provides rural farm inputs such as seeds, fertilizers, agricultural chemicals and animal health products as well as professional crop and production advisory services. Retail services are provided through corporate-owned stores and the Tucker Pet and Produce Brand to independent member stores.
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