Nufarm Limited (OTCMKTS:NUFMF – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 76,613 shares, a drop of 43.7% from the September 30th total of 136,038 shares. Based on an average daily volume of 1,709 shares, the short-interest ratio is currently 44.8 days.
Nufarm Stock Performance
Nufarm stock remained flat at $2.00 during mid-day trading on Friday. Nufarm has a 12 month low of $0.99 and a 12 month high of $2.55. The firm’s fifty day simple moving average is $2.15 and its 200 day simple moving average is $1.83.
About Nufarm
Nufarm Limited is an Australia-based agricultural chemicals and seed technology company. It develops, manufactures and markets crop protection products, including herbicides, fungicides, insecticides, plant growth regulators and adjuvants, which are used to help farmers manage weeds, pests and diseases and improve crop performance.
The company also operates in seed technologies, providing seeds and related trait technologies for selected crops. Its products support agricultural production across a range of farming systems and crop types, including broadacre, horticultural and specialty crops.
Founded in Australia in 1956, Nufarm has expanded from its domestic agricultural chemicals business into an international operation.
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