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

Orica Limited (OTCMKTS:OCLDY) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 343 shares, a drop of 51.9% from the July 15th total of 713 shares. Based on an average daily volume of 126 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised Orica to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Orica has an average rating of “Hold”.

Orica Stock Performance

Shares of OCLDY stock opened at $17.00 on Friday. The business has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $15.95. Orica has a twelve month low of $12.62 and a twelve month high of $19.00.

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.