GrainCorp Limited (OTCMKTS:GRCLF) Short Interest Up 76.3% in July

GrainCorp Limited (OTCMKTS:GRCLF) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 17,045 shares, a growth of 76.3% from the June 30th total of 9,666 shares. Based on an average daily volume of 10,257 shares, the short-interest ratio is presently 1.7 days.

GrainCorp Price Performance

Shares of OTCMKTS GRCLF remained flat at $4.40 during midday trading on Friday. 109,469 shares of the company were exchanged, compared to its average volume of 21,705. GrainCorp has a twelve month low of $3.20 and a twelve month high of $6.15. The stock has a 50 day moving average price of $3.58 and a 200 day moving average price of $4.13.

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.