Orica Limited (OTCMKTS:OCLDF) Sees Large Increase in Short Interest

Orica Limited (OTCMKTS:OCLDF) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 785,500 shares, a growth of 21.6% from the May 15th total of 646,000 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Orica Stock Performance

Orica stock remained flat at $12.30 during midday trading on Friday. The business has a 50 day simple moving average of $11.14 and a 200-day simple moving average of $10.26. Orica has a 12 month low of $10.15 and a 12 month high of $12.30.

Orica Company Profile

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.