GrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,666 shares, a decline of 66.3% from the June 15th total of 28,694 shares. Based on an average daily volume of 5,765 shares, the short-interest ratio is presently 1.7 days.
GrainCorp Stock Performance
Shares of OTCMKTS GRCLF remained flat at $3.46 during mid-day trading on Tuesday. The company had a trading volume of 3,395 shares, compared to its average volume of 21,122. The firm’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $4.25. GrainCorp has a 1-year low of $3.20 and a 1-year high of $6.15.
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.
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