GrainCorp Limited (OTCMKTS:GRCLF) Short Interest Update

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

GrainCorp Price Performance

Shares of GrainCorp stock remained flat at $4.57 during trading hours on Wednesday. 8,812 shares of the stock were exchanged, compared to its average volume of 2,743. The business’s fifty day moving average is $4.81 and its 200 day moving average is $5.51. GrainCorp has a one year low of $4.10 and a one year high of $6.33.

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.