GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 9,666 shares, a decrease of 66.3% from the June 15th total of 28,694 shares. Based on an average trading volume of 5,765 shares, the days-to-cover ratio is presently 1.7 days.
GrainCorp Price Performance
GrainCorp stock opened at $3.24 on Monday. The firm’s fifty day moving average price is $3.68 and its 200 day moving average price is $4.26. GrainCorp has a 12-month low of $3.20 and a 12-month 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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