GrainCorp Limited·Consumer Defensive

GrainCorp Limited (OTCMKTS:GRCLF - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 254,352 shares, a growth of 302.0% from the February 26th total of 63,265 shares. Based on an average trading volume of 173,340 shares, the

GrainCorp Limited (OTCMKTS:GRCLF - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $4.78 and traded as low as $3.6301. GrainCorp shares last traded at $4.17, with a volume of 400 shares trading hands. Analyst Upgrades and Downgrades Separately, Royal
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, markets, and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, canola, chickpeas, and specialty commodities; handles, processes, stores, and transports grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils. It also manufactures and supplies molasses-based feed supplements and vegetable oil to enhance farm productivity in beef cattle, sheep, dairy cattle, and other domestic livestock; and crude degummed canola oils, refined bleached canola oils, and canola meal. In addition, the company provides blended and single oils, infant nutrition, bakery margarines, spreads, and shortening; crushes oilseed products are used in cooking oils, spreads and shortenings, prepared foods, meal for dairy, poultry and livestock, cosmetics and lubricants, fuels, and other industrial applications; and operates seven bulk port terminals. Further it is involved in the procurement, shipping, accreditation, and value-added supply of tallow and used cooking oil, which are used for renewable energy feedstock and industrial applications, as well as vegetable oils; and the provision of logistics services. GrainCorp Limited was founded in 1916 and is headquartered in Sydney, Australia.
Consumer Defensive
Agricultural Farm Products
2,380
2009-04-21
-0.00