Nufarm Limited (OTCMKTS:NUFMF) Shares Shorted: Short Interest Down 43.7% in October

Nufarm Limited (OTCMKTS:NUFMF) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 76,613 shares, a decline of 43.7% from the September 30th total of 136,038 shares. Based on an average daily volume of 1,709 shares, the days-to-cover ratio is presently 44.8 days.

Nufarm Stock Performance

OTCMKTS:NUFMF remained flat at $2.00 during midday trading on Friday. Nufarm has a one year low of $0.99 and a one year high of $2.55. The business’s 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $1.83.

Nufarm Company Profile

Nufarm Limited is an Australia-based agricultural chemicals and seed technology company. It develops, manufactures and markets crop protection products, including herbicides, fungicides, insecticides, plant growth regulators and adjuvants, which are used to help farmers manage weeds, pests and diseases and improve crop performance.

The company also operates in seed technologies, providing seeds and related trait technologies for selected crops. Its products support agricultural production across a range of farming systems and crop types, including broadacre, horticultural and specialty crops.

Founded in Australia in 1956, Nufarm has expanded from its domestic agricultural chemicals business into an international operation.