GrainCorp Limited (OTCMKTS:GRCLF) Short Interest Up 395.8% in February

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 63,265 shares, an increase of 395.8% from the February 12th total of 12,760 shares. Based on an average daily volume of 5,722 shares, the days-to-cover ratio is presently 11.1 days. Based on an average daily volume of 5,722 shares, the days-to-cover ratio is presently 11.1 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded shares of GrainCorp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

GrainCorp Trading Up 0.6%

Shares of GRCLF traded up $0.03 during trading hours on Tuesday, hitting $4.43. The company had a trading volume of 3,028 shares, compared to its average volume of 19,201. GrainCorp has a one year low of $3.63 and a one year high of $6.15. The company’s fifty day moving average price is $4.51 and its two-hundred day moving average price is $5.08.

About GrainCorp

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.