GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 28,694 shares, an increase of 213.9% from the May 31st total of 9,140 shares. Based on an average daily volume of 15,426 shares, the short-interest ratio is presently 1.9 days.
GrainCorp Price Performance
Shares of GRCLF opened at $3.51 on Tuesday. GrainCorp has a 1 year low of $3.20 and a 1 year high of $6.15. The stock has a 50 day simple moving average of $3.91 and a 200-day simple moving average of $4.37.
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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