Orica Limited (OTCMKTS:OCLDF – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 34,666 shares, a decline of 39.4% from the April 15th total of 57,223 shares. Based on an average trading volume of 2 shares, the short-interest ratio is currently 17,333.0 days.
Orica Price Performance
Shares of OTCMKTS:OCLDF remained flat at $13.80 during trading on Tuesday. The business has a 50-day simple moving average of $14.23 and a 200-day simple moving average of $14.61. Orica has a one year low of $13.80 and a one year high of $17.20.
About Orica
Orica Limited (OTCMKTS:OCLDF) is a leading global provider of commercial explosives, blasting systems and ground support services for the mining, quarrying, oil and gas industries. The company’s core offerings include bulk and packaged explosives, electronic detonation systems, initiating systems and a suite of digital blasting services designed to optimize blast designs, improve safety and enhance operational efficiency. Orica also operates a specialty chemicals division, supplying industrial and agricultural chemicals that support mining operations and related industries.
Founded in 1874 as Jones, Scott & Co in Melbourne, Australia, Orica has evolved through strategic acquisitions and divestments to become one of the largest players in the explosives market.
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