GrainCorp Limited (OTCMKTS:GRCLF) Short Interest Update

GrainCorp Limited (OTCMKTS:GRCLF) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 12,760 shares, a drop of 34.5% from the January 29th total of 19,491 shares. Based on an average daily volume of 185,109 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 185,109 shares, the short-interest ratio is presently 0.1 days.

GrainCorp Stock Performance

GRCLF stock traded up $0.17 during mid-day trading on Monday, reaching $4.33. 1,005 shares of the company’s stock were exchanged, compared to its average volume of 21,450. GrainCorp has a 12-month low of $3.63 and a 12-month high of $6.15. The stock’s 50 day moving average is $4.58 and its 200 day moving average is $5.10.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded 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, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.