Codan Limited (OTCMKTS:CODAF) Short Interest Down 48.4% in May

Codan Limited (OTCMKTS:CODAF) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,425 shares, a decrease of 48.4% from the May 14th total of 6,638 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $38.50 target price on shares of Codan in a report on Sunday, February 22nd.

Codan Price Performance

Shares of OTCMKTS:CODAF opened at C$23.61 on Monday. Codan has a 1-year low of C$18.44 and a 1-year high of C$27.69. The company’s fifty day moving average is C$23.61 and its two-hundred day moving average is C$24.20.

Codan Company Profile

Codan Limited (OTCMKTS:CODAF) is an Australian technology company specializing in the design and manufacture of communications and detection equipment. Headquartered in Adelaide, South Australia, Codan operates through two primary business segments—detection and communications—providing hardware, software and turn-key solutions to commercial, government and humanitarian customers worldwide.

In its detection segment, Codan markets metal-detection products under the Minelab brand. These detectors serve a range of applications including gold prospecting, security screening, landmine and ordinance clearance, and archaeological exploration.