GrainCorp Limited (OTCMKTS:GRCLF) Short Interest Down 34.5% in February

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

Analyst Upgrades and Downgrades

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

GrainCorp Stock Performance

Shares of OTCMKTS:GRCLF traded up $0.37 on Friday, reaching $4.16. The company’s stock had a trading volume of 8,969 shares, compared to its average volume of 22,427. GrainCorp has a 52-week low of $3.63 and a 52-week high of $6.15. The company has a 50-day simple moving average of $4.58 and a 200 day simple moving average of $5.10.

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.