Orica Limited (OTCMKTS:OCLDY) Short Interest Down 51.9% in July

Orica Limited (OTCMKTS:OCLDY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 343 shares, a drop of 51.9% from the July 15th total of 713 shares. Based on an average trading volume of 126 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.0% of the company’s shares are short sold.

Orica Stock Performance

Shares of Orica stock remained flat at $17.00 on Tuesday. 47 shares of the stock were exchanged, compared to its average volume of 24. The business has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $15.92. Orica has a twelve month low of $12.62 and a twelve month high of $19.00.

Analysts Set New Price Targets

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

About Orica

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.