Golden Agri-Resources Ltd (OTCMKTS:GARPY) Stock Short Interest Jumps 242.9%

Golden Agri-Resources Ltd (OTCMKTS:GARPY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 168 shares, an increase of 242.9% from the September 30th total of 49 shares. Based on an average trading volume of 96 shares, the days-to-cover ratio is currently 1.8 days.

Golden Agri-Resources Price Performance

OTCMKTS GARPY remained flat at $21.00 during mid-day trading on Wednesday. 603 shares of the company were exchanged, compared to its average volume of 704. Golden Agri-Resources has a fifty-two week low of $20.00 and a fifty-two week high of $26.50. The company has a 50 day moving average of $24.61 and a 200 day moving average of $23.17.

Golden Agri-Resources Company Profile

Golden Agri-Resources Ltd. is an integrated palm oil company headquartered in Singapore, with its primary operations in Indonesia. The company is involved across the palm oil value chain, including the cultivation and harvesting of oil palm, milling, refining, and the processing and distribution of palm-based products.

Its product portfolio includes crude and refined palm oil, cooking oils, margarine, shortening, specialty fats, oleochemicals, and biodiesel. Through its downstream operations, Golden Agri-Resources serves food manufacturers, consumer markets, and industrial customers in Indonesia and international markets.

Founded in 1996, Golden Agri-Resources has developed an extensive plantation and processing network and distributes products through a global supply chain.