What Next for GRAINCORP LTD SHS A NPV ORDINARY SHA (OTCMKTS:GRCLF) Stock After Increase in Shorted Shares?

GrainCorp Limited (OTCMKTS:GRCLF) Logo

The stock of GRAINCORP LTD SHS A NPV ORDINARY SHA (OTCMKTS:GRCLF) registered an increase of 1011.92% in short interest. GRCLF’s total short interest was 167,900 shares in May as published by FINRA. Its up 1011.92% from 15,100 shares, reported previously. With 6,700 shares average volume, it will take short sellers 25 days to cover their GRCLF’s short positions.

The stock decreased 3.97% or $0.22 during the last trading session, reaching $5.32. About 670 shares traded. GrainCorp Limited (OTCMKTS:GRCLF) has 0.00% since May 31, 2018 and is . It has underperformed by 4.37% the S&P500.

GrainCorp Limited operates as a food ingredients and agribusiness company. The company has market cap of $1.27 billion. It operates through four divisions: Storage & Logistics, Marketing, Malt, and Oils. It has a 23.54 P/E ratio. The Storage & Logistics segment receives, transports, tests, and stores grains comprising wheat, barley, canola, and sorghum, and other bulk commodities, as well as stores and exports/imports grains and other bulk commodities.

More news for GrainCorp Limited (OTCMKTS:GRCLF) were recently published by: Seekingalpha.com, which released: “The Binding Offer For Graincorp Should Be Announced Soon – Seeking Alpha” on March 08, 2019. Seekingalpha.com‘s article titled: “GrainCorp to split business, says still talking with suitors – Seeking Alpha” and published on April 04, 2019 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.