Orica Limited (OTCMKTS:OCLDF) Sees Large Decrease in Short Interest

Orica Limited (OTCMKTS:OCLDF) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,181,900 shares, a drop of 31.7% from the February 28th total of 1,729,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Orica Price Performance

Shares of OCLDF remained flat at $11.00 during trading hours on Friday. The stock had a trading volume of 69 shares, compared to its average volume of 1,250. Orica has a 12-month low of $9.68 and a 12-month high of $11.00. The company’s 50-day moving average is $10.58 and its two-hundred day moving average is $10.53.

About Orica

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.