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

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 626,600 shares, an increase of 294.3% from the December 15th total of 158,900 shares. Based on an average daily trading volume, of 101,600 shares, the short-interest ratio is currently 6.2 days.

GrainCorp Stock Performance

OTCMKTS GRCLF traded down $0.02 during trading on Tuesday, hitting $4.56. The stock had a trading volume of 1,393 shares, compared to its average volume of 3,816. GrainCorp has a twelve month low of $4.10 and a twelve month high of $6.33. The firm has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.59.

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.