GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 118,957 shares, an increase of 597.9% from the July 15th total of 17,045 shares. Based on an average trading volume of 50,145 shares, the days-to-cover ratio is presently 2.4 days.
GrainCorp Trading Down 8.8%
GrainCorp stock opened at $3.50 on Friday. The business’s 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $4.07. GrainCorp has a fifty-two week low of $3.20 and a fifty-two week high of $6.15.
About GrainCorp
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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