GrainCorp Limited (OTCMKTS:GRCLF) Short Interest Update
by Renee Jackson · The Cerbat GemGrainCorp Limited (OTCMKTS:GRCLF – Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 8,694 shares, a drop of 64.6% from the March 31st total of 24,528 shares. Based on an average daily trading volume, of 5,117 shares, the short-interest ratio is currently 1.7 days.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada lowered shares of GrainCorp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, GrainCorp has a consensus rating of “Hold”.
View Our Latest Stock Report on GRCLF
GrainCorp Stock Performance
Shares of OTCMKTS GRCLF remained flat at $4.80 during trading on Monday. 1,800 shares of the company’s stock traded hands, compared to its average volume of 32,935. GrainCorp has a 52 week low of $3.63 and a 52 week high of $6.15. The stock has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $4.89.
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.