GrainCorp Limited (OTCMKTS:GRCLF) Shares Shorted: Short Interest Up 52.6% in September

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 270,435 shares, a growth of 52.6% from the August 31st total of 177,238 shares. Based on an average trading volume of 3,572 shares, the days-to-cover ratio is presently 75.7 days.

GrainCorp Stock Performance

OTCMKTS:GRCLF opened at $5.00 on Thursday. GrainCorp has a one year low of $3.20 and a one year high of $6.15. The business has a fifty day moving average price of $4.28 and a 200-day moving average price of $4.11.

GrainCorp Company Profile

GrainCorp Limited is an Australian agribusiness that provides grain storage, handling, logistics, merchandising and processing services. The company connects growers with domestic and international customers through a network of country silos, bulk export terminals, transport operations and port infrastructure.

GrainCorp handles major grains and oilseeds, including wheat, barley, canola and sorghum. Its operations also include grain origination and marketing, as well as the production and distribution of edible oils, margarines, shortenings and other food ingredients for food manufacturers, foodservice businesses and consumers.

Headquartered in Sydney, GrainCorp primarily serves agricultural and food markets in Australia and New Zealand, with its grain businesses supporting export supply chains to customers around the world.