GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 188,010 shares, an increase of 58.0% from the July 30th total of 118,957 shares. Based on an average daily volume of 8,341 shares, the short-interest ratio is currently 22.5 days.
GrainCorp Stock Performance
Shares of GrainCorp stock opened at $4.77 on Thursday. The stock’s 50-day moving average is $3.82 and its 200-day moving average is $4.04. GrainCorp has a one year low of $3.20 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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