Golden Agri-Resources Ltd (OTCMKTS:GARPY – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 168 shares, an increase of 242.9% from the September 30th total of 49 shares. Based on an average daily trading volume, of 96 shares, the short-interest ratio is currently 1.8 days.
Golden Agri-Resources Stock Performance
Golden Agri-Resources stock remained flat at $19.91 during midday trading on Thursday. 387 shares of the company traded hands, compared to its average volume of 693. The stock’s fifty day moving average price is $24.56 and its 200-day moving average price is $23.16. Golden Agri-Resources has a 52-week low of $19.91 and a 52-week 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.
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