GrainCorp Limited (OTCMKTS:GRCLF) Sees Large Increase in Short Interest

GrainCorp Limited (OTCMKTS:GRCLF) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 934,000 shares, an increase of 16.8% from the January 15th total of 799,500 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 119.7 days.

GrainCorp Price Performance

Shares of OTCMKTS:GRCLF traded up $0.07 on Monday, hitting $4.46. The company had a trading volume of 1,626 shares, compared to its average volume of 9,359. The stock has a 50 day moving average price of $4.66 and a 200 day moving average price of $5.40. GrainCorp has a 1-year low of $4.10 and a 1-year high of $6.33.

GrainCorp Company Profile

GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.