Short Interest in GrainCorp Limited (OTCMKTS:GRCLF) Grows By 5.1%

GrainCorp Limited (OTCMKTS:GRCLFGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 302,800 shares, a growth of 5.1% from the December 31st total of 288,000 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 81.8 days.

GrainCorp Stock Up 7.8 %

Shares of GRCLF stock opened at $5.47 on Thursday. The firm’s 50-day moving average is $4.98 and its 200-day moving average is $4.88. GrainCorp has a 52-week low of $4.13 and a 52-week high of $5.53.

About GrainCorp

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GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.

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