GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 118,957 shares, a growth of 597.9% from the July 15th total of 17,045 shares. Based on an average daily volume of 50,145 shares, the days-to-cover ratio is presently 2.4 days.
GrainCorp Stock Performance
OTCMKTS:GRCLF traded up $0.01 during midday trading on Thursday, reaching $3.85. The stock had a trading volume of 20,015 shares, compared to its average volume of 21,599. The firm has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $4.08. GrainCorp has a 12-month low of $3.20 and a 12-month high of $6.15.
GrainCorp Company Profile
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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