GrainCorp Limited (OTCMKTS:GRCLF) Sees Significant Growth in Short Interest
by Renee Jackson · The Cerbat GemGrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 63,265 shares, an increase of 395.8% from the February 12th total of 12,760 shares. Based on an average daily trading volume, of 5,722 shares, the short-interest ratio is presently 11.1 days. Based on an average daily trading volume, of 5,722 shares, the short-interest ratio is presently 11.1 days.
Analyst Ratings Changes
Separately, Royal Bank Of Canada cut shares of GrainCorp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Get Our Latest Report on GrainCorp
GrainCorp Stock Up 0.6%
GRCLF stock traded up $0.03 on Tuesday, hitting $4.43. 3,028 shares of the company’s stock were exchanged, compared to its average volume of 19,201. The firm has a 50 day moving average price of $4.51 and a two-hundred day moving average price of $5.08. GrainCorp has a 12-month low of $3.63 and a 12-month high of $6.15.
About GrainCorp
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.