GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 28,694 shares, an increase of 213.9% from the May 31st total of 9,140 shares. Based on an average daily volume of 15,426 shares, the short-interest ratio is currently 1.9 days.
GrainCorp Trading Up 1.6%
GrainCorp stock traded up $0.06 during midday trading on Friday, reaching $3.51. The company had a trading volume of 6,660 shares, compared to its average volume of 22,855. GrainCorp has a 12-month low of $3.20 and a 12-month high of $6.15. The firm’s fifty day simple moving average is $3.93 and its 200-day simple moving average is $4.38.
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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