Elders Limited (OTCMKTS:EDESY – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,635 shares, an increase of 32,600.0% from the October 15th total of 5 shares. Based on an average daily volume of 323 shares, the days-to-cover ratio is currently 5.1 days.
Elders Stock Up 3.2%
EDESY traded up $0.72 during midday trading on Tuesday, hitting $23.04. The stock had a trading volume of 5,625 shares, compared to its average volume of 5,180. Elders has a 1 year low of $22.06 and a 1 year high of $23.07. The business has a fifty day moving average of $19.66 and a 200 day moving average of $19.27.
Elders Company Profile
Elders Limited is an Australian agribusiness that supplies products and services to farmers and other rural customers. Its rural merchandise offerings include agricultural chemicals, seed, fertiliser, animal health products and general farm supplies. The company also provides livestock, wool and grain marketing services, along with rural real estate services. Its feed and processing activities support the livestock sector and connect agricultural producers with domestic and export markets. Elders traces its origins to Adelaide in 1839 and has since grown into a nationwide rural services business.
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