Short Interest in GrainCorp Limited (OTCMKTS:GRCLF) Decreases By 66.3%

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,666 shares, a drop 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 currently 1.7 days.

GrainCorp Price Performance

OTCMKTS GRCLF remained flat at $3.46 during trading on Wednesday. The company’s stock had a trading volume of 3,395 shares, compared to its average volume of 21,122. The firm’s fifty day simple moving average is $3.65 and its 200 day simple moving average is $4.24. GrainCorp has a 1 year low of $3.20 and a 1 year high of $6.15.

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.