Orica Limited (OTCMKTS:OCLDY) Short Interest Up 143.5% in June

Orica Limited (OTCMKTS:OCLDY) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,232 shares, an increase of 143.5% from the June 15th total of 506 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 244 shares, the short-interest ratio is currently 5.0 days.

Wall Street Analysts Forecast Growth

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

Orica Stock Performance

Shares of Orica stock remained flat at $17.00 during trading on Thursday. 4 shares of the stock were exchanged, compared to its average volume of 648. Orica has a fifty-two week low of $12.62 and a fifty-two week high of $19.00. The company has a market capitalization of $7.96 billion and a price-to-earnings ratio of 10.10. The stock has a fifty day moving average price of $16.12 and a 200-day moving average price of $15.94.

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.