Short Interest in Orica Limited (OTCMKTS:OCLDF) Expands By 24.0%

Orica Limited (OTCMKTS:OCLDF) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 738,000 shares, a growth of 24.0% from the December 31st total of 595,000 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 1,054.3 days.

Orica Price Performance

OTCMKTS OCLDF remained flat at $10.49 on Monday. The firm’s fifty day moving average price is $10.28 and its 200-day moving average price is $10.62. Orica has a 12 month low of $9.68 and a 12 month high of $10.60.

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.