Orica Limited (OTCMKTS:OCLDF) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 181,600 shares, a drop of 39.5% from the September 15th total of 300,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1,816.0 days.
Shares of OCLDF remained flat at $$11.13 during midday trading on Friday. Orica has a 12-month low of $11.13 and a 12-month high of $12.33. The stock’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $12.98.
Orica Limited manufactures and sells commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets in Australia, the United States, and internationally. The company offers bulk systems, wireless initiating systems, electronic blasting systems, initiating systems, packaged explosives, and blasting services to the surface and underground mining, civil tunneling, quarrying, construction, and oil and gas markets.
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