Golden Agri-Resources Ltd (OTCMKTS:GARPY) Sees Large Growth in Short Interest

Golden Agri-Resources Ltd (OTCMKTS:GARPY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 168 shares, a growth of 242.9% from the September 30th total of 49 shares. Based on an average trading volume of 96 shares, the short-interest ratio is presently 1.8 days.

Golden Agri-Resources Stock Performance

OTCMKTS GARPY opened at $19.91 on Friday. The company’s 50-day moving average price is $24.52 and its 200-day moving average price is $23.15. Golden Agri-Resources has a 12 month low of $19.91 and a 12 month high of $26.50.

About Golden Agri-Resources

Golden Agri-Resources Ltd. is an integrated palm oil company headquartered in Singapore, with its primary operations in Indonesia. The company is involved across the palm oil value chain, including the cultivation and harvesting of oil palm, milling, refining, and the processing and distribution of palm-based products.

Its product portfolio includes crude and refined palm oil, cooking oils, margarine, shortening, specialty fats, oleochemicals, and biodiesel. Through its downstream operations, Golden Agri-Resources serves food manufacturers, consumer markets, and industrial customers in Indonesia and international markets.

Founded in 1996, Golden Agri-Resources has developed an extensive plantation and processing network and distributes products through a global supply chain.