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

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 19,491 shares, a decline of 85.5% from the January 15th total of 134,698 shares. Based on an average daily volume of 2,640 shares, the short-interest ratio is currently 7.4 days. Based on an average daily volume of 2,640 shares, the short-interest ratio is currently 7.4 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada downgraded shares of GrainCorp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

GrainCorp Trading Down 1.5%

Shares of GRCLF stock traded down $0.07 during trading hours on Tuesday, hitting $4.15. The company had a trading volume of 12,207 shares, compared to its average volume of 33,654. GrainCorp has a 12 month low of $3.67 and a 12 month high of $6.15. The firm’s fifty day moving average is $4.91 and its 200 day moving average is $5.17.

GrainCorp Company Profile

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.