Golden Agri-Resources Ltd (OTCMKTS:GARPY – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 68 shares, a decrease of 59.5% from the July 15th total of 168 shares. Based on an average daily volume of 20 shares, the days-to-cover ratio is currently 3.4 days.
Golden Agri-Resources Trading Down 0.7%
OTCMKTS:GARPY traded down $0.16 during midday trading on Friday, reaching $22.09. 500 shares of the company traded hands, compared to its average volume of 777. Golden Agri-Resources has a twelve month low of $20.00 and a twelve month high of $25.04. The company has a fifty day moving average price of $21.95 and a 200 day moving average price of $22.80.
About Golden Agri-Resources
Golden Agri-Resources Ltd (GAR) is one of the world’s largest palm oil plantation companies. The firm’s core business covers the cultivation and harvesting of oil palm, processing fresh fruit bunches into crude palm oil and palm kernel oil, and refining these into a variety of edible oils, specialty fats, biodiesel and oleochemical products. GAR’s vertically integrated model spans upstream plantation management, midstream milling and downstream refining and distribution.
Incorporated in 1996 and headquartered in Singapore, GAR was listed on the Singapore Exchange in 1999 and trades on the U.S.
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