GrainCorp Limited (OTCMKTS:GRCLF) Sees Large Increase in Short Interest

GrainCorp Limited (OTCMKTS:GRCLF) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 626,600 shares, an increase of 294.3% from the December 31st total of 158,900 shares. Based on an average trading volume of 101,600 shares, the short-interest ratio is currently 6.2 days.

GrainCorp Stock Performance

Shares of OTCMKTS:GRCLF remained flat at $4.57 during midday trading on Thursday. The company had a trading volume of 1,075 shares, compared to its average volume of 2,598. GrainCorp has a 12-month low of $4.10 and a 12-month high of $6.33. The firm’s fifty day moving average is $4.80 and its 200-day moving average is $5.50.

About GrainCorp

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.