Orica Limited (OTCMKTS:OCLDF – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 23,251 shares, a drop of 36.0% from the August 15th total of 36,333 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Orica Stock Performance
OTCMKTS:OCLDF remained flat at $13.80 during midday trading on Thursday. The firm’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $14.01. 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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