GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 73,157 shares, an increase of 44.9% from the November 30th total of 50,492 shares. Based on an average trading volume of 3,974 shares, the days-to-cover ratio is currently 18.4 days. Based on an average trading volume of 3,974 shares, the days-to-cover ratio is currently 18.4 days.
GrainCorp Stock Up 0.2%
GRCLF traded up $0.01 during midday trading on Monday, reaching $4.99. 200 shares of the company’s stock were exchanged, compared to its average volume of 7,196. The business has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $5.19. GrainCorp has a one year low of $3.67 and a one year high of $6.15.
About GrainCorp
GrainCorp Limited (OTCMKTS:GRCLF) is an Australian agribusiness and global provider of bulk storage, handling, processing and marketing services for grain and related commodities. The company’s integrated supply chain operations enable it to source grain directly from growers, manage inland storage and receival facilities across eastern Australia, and transport commodities to port terminals for domestic and international customers.
Within its core grain division, GrainCorp offers commodity marketing services, risk management solutions and logistics support for the movement of cereal grains such as wheat, barley and canola.
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