Codan Limited (OTCMKTS:CODAF) Short Interest Down 55.2% in June

Codan Limited (OTCMKTS:CODAF) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,650 shares, a decrease of 55.2% from the June 15th total of 3,683 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Codan Stock Performance

OTCMKTS CODAF opened at C$23.61 on Thursday. The company’s fifty day moving average is C$23.61 and its two-hundred day moving average is C$24.18. Codan has a 52-week low of C$18.44 and a 52-week high of C$27.69.

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.