Short Interest in Orica Limited (OTCMKTS:OCLDF) Grows By 26.9%

Orica Limited (OTCMKTS:OCLDF) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,656,200 shares, an increase of 26.9% from the January 31st total of 1,305,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 16,562.0 days.

Orica Stock Performance

Shares of Orica stock remained flat at $10.49 during trading hours on Thursday. The stock has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $10.55. Orica has a 1-year low of $9.68 and a 1-year high of $10.60.

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.