Short Interest in Archer Daniels Midland Company (NYSE:ADM) Increases By 22.6%

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Short interest in Archer Daniels Midland Company (NYSE:ADM) rose significantly by 22.6% in March, reaching 15.77 million shares, which represents about 3.3% of the company’s shares. This increase comes as analysts hold a “Reduce” consensus rating for ADM, with an average target price of $58.57, despite some recent target revisions. The company recently increased its quarterly dividend to $0.52, but its payout ratio is high at nearly 93.7%.

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