GrainCorp Limited (OTCMKTS:GRCLF) Sees Significant Decline in Short Interest

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 325,200 shares, a decrease of 10.0% from the May 31st total of 361,400 shares. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is presently 62.5 days.

GrainCorp Price Performance

Shares of GRCLF traded down $0.04 during midday trading on Tuesday, reaching $5.72. 4,201 shares of the stock were exchanged, compared to its average volume of 4,889. GrainCorp has a 52 week low of $4.13 and a 52 week high of $6.29. The company’s 50 day moving average is $5.61 and its two-hundred day moving average is $5.31.

About GrainCorp

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.