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Argan Inc. sees short interest drop as it exceeds earnings estimates and boosts dividend.
Argan Inc., which provides services to the power generation market, saw a 12.5% drop in short interest to 641,500 shares in February.
The company reported strong earnings, exceeding analyst estimates by $0.74 per share, with a dividend payout ratio of 31.38%.
Institutional investors own 79.43% of Argan's shares, and the company recently declared a quarterly dividend of $0.375.
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Argan Inc. experimenta una caída de los intereses a corto plazo, ya que supera las estimaciones de ganancias e impulsa los dividendos.