Orica Limited (OTCMKTS:OCLDY) Sees Large Decline in Short Interest

Orica Limited (OTCMKTS:OCLDY) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 713 shares, a decrease of 42.1% from the June 30th total of 1,232 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 159 shares, the short-interest ratio is presently 4.5 days.

Orica Price Performance

Orica stock remained flat at $17.00 during midday trading on Wednesday. The company had a trading volume of 5 shares, compared to its average volume of 625. The business has a 50 day moving average price of $16.56 and a two-hundred day moving average price of $15.97. Orica has a twelve month low of $12.62 and a twelve month high of $19.00. The company has a market cap of $7.88 billion and a P/E ratio of 10.10.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Orica to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Orica currently has an average rating of “Hold”.

Orica Company Profile

Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.

In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.