Orica Limited (OTCMKTS:OCLDY) Sees Significant Growth in Short Interest

Orica Limited (OTCMKTS:OCLDY) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 300 shares, an increase of 200.0% from the February 13th total of 100 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 0.3 days.

Orica Price Performance

Shares of OCLDY stock remained flat at $10.97 on Thursday. 16 shares of the stock traded hands, compared to its average volume of 890. The company’s 50-day moving average is $10.30 and its 200 day moving average is $11.18. Orica has a 52 week low of $9.25 and a 52 week high of $13.40.

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.