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

Orica Limited (OTCMKTS:OCLDF) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 958,600 shares, a drop of 18.9% from the March 15th total of 1,181,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 9,586.0 days.

Orica Price Performance

OCLDF remained flat at $9.50 during trading on Friday. Orica has a 52 week low of $9.50 and a 52 week high of $11.00. The company has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.43.

Orica Company Profile

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.