Orica Limited (OTCMKTS:OCLDF) Sees Large Growth in Short Interest

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

Orica Stock Performance

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

About Orica

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.