Short Interest in Orica Limited (OTCMKTS:OCLDY) Declines By 66.7%

Orica Limited (OTCMKTS:OCLDY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 28th total of 300 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 0.3 days.

Orica Stock Performance

Orica stock remained flat at $11.53 during midday trading on Friday. 60 shares of the company’s stock traded hands, compared to its average volume of 933. Orica has a 52 week low of $9.25 and a 52 week high of $13.40. The business has a 50-day moving average price of $10.62 and a 200 day moving average price of $11.12.

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.