Golden Agri-Resources Ltd (OTCMKTS:GARPY) Stock Short Interest Rises 242.9%

Golden Agri-Resources Ltd (OTCMKTS:GARPY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 168 shares, a growth of 242.9% from the September 30th total of 49 shares. Based on an average daily volume of 96 shares, the days-to-cover ratio is presently 1.8 days.

Golden Agri-Resources Stock Performance

GARPY stock remained flat at $21.00 during midday trading on Wednesday. The company’s stock had a trading volume of 603 shares, compared to its average volume of 704. The firm has a 50 day moving average price of $24.61 and a 200 day moving average price of $23.17. Golden Agri-Resources has a 12-month low of $20.00 and a 12-month high of $26.50.

About Golden Agri-Resources

Golden Agri-Resources Ltd. is an integrated palm oil company headquartered in Singapore, with its primary operations in Indonesia. The company is involved across the palm oil value chain, including the cultivation and harvesting of oil palm, milling, refining, and the processing and distribution of palm-based products.

Its product portfolio includes crude and refined palm oil, cooking oils, margarine, shortening, specialty fats, oleochemicals, and biodiesel. Through its downstream operations, Golden Agri-Resources serves food manufacturers, consumer markets, and industrial customers in Indonesia and international markets.

Founded in 1996, Golden Agri-Resources has developed an extensive plantation and processing network and distributes products through a global supply chain.