Codan Limited (OTCMKTS:CODAF) Short Interest Up 78.5% in August

Codan Limited (OTCMKTS:CODAF) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 853 shares, a growth of 78.5% from the July 30th total of 478 shares. Based on an average daily volume of 3 shares, the days-to-cover ratio is currently 284.3 days.

Codan Price Performance

Shares of CODAF stock opened at C$23.61 on Tuesday. Codan has a 52-week low of C$18.44 and a 52-week high of C$27.69. The company has a 50-day simple moving average of C$23.61 and a two-hundred day simple moving average of C$24.27.

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.