Orica Limited (OTCMKTS:OCLDY) Short Interest Up 143.5% in June

Orica Limited (OTCMKTS:OCLDY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,232 shares, an increase of 143.5% from the June 15th total of 506 shares. Based on an average daily volume of 244 shares, the days-to-cover ratio is presently 5.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Orica to a “hold” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Orica Stock Performance

OCLDY stock remained flat at $17.00 during mid-day trading on Wednesday. 10 shares of the company’s stock were exchanged, compared to its average volume of 648. The company’s fifty day moving average price is $16.07 and its 200 day moving average price is $15.94. Orica has a 12 month low of $12.62 and a 12 month high of $19.00. The stock has a market cap of $7.96 billion and a PE ratio of 10.10.

Orica Company Profile

Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.

In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.