GrainCorp Limited (OTCMKTS:GRCLF) Sees Large Growth in Short Interest

GrainCorp Limited (OTCMKTS:GRCLF) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 188,010 shares, a growth of 58.0% from the July 30th total of 118,957 shares. Based on an average daily trading volume, of 8,341 shares, the short-interest ratio is presently 22.5 days.

GrainCorp Stock Up 6.1%

GRCLF stock opened at $4.77 on Wednesday. The business has a 50 day moving average of $3.80 and a 200-day moving average of $4.04. GrainCorp has a 12-month low of $3.20 and a 12-month high of $6.15.

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.