Short Interest in GrainCorp Limited (OTCMKTS:GRCLF) Declines By 10.0%

GrainCorp Limited (OTCMKTS:GRCLF) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 325,200 shares, a drop of 10.0% from the May 31st total of 361,400 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 62.5 days.

GrainCorp Stock Performance

OTCMKTS GRCLF opened at $5.72 on Wednesday. The stock’s 50 day simple moving average is $5.61 and its 200-day simple moving average is $5.31. GrainCorp has a 1-year low of $4.13 and a 1-year high of $6.29.

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.