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

Orica Limited (OTCMKTS:OCLDF) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 738,000 shares, an increase of 24.0% from the December 31st total of 595,000 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 1,054.3 days.

Orica Stock Performance

Shares of OCLDF remained flat at $10.49 during mid-day trading on Monday. The firm’s 50-day moving average price is $10.28 and its 200-day moving average price is $10.62. Orica has a one year low of $9.68 and a one year high of $10.60.

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.