Codan Limited (OTCMKTS:CODAF) Sees Significant Decline in Short Interest

Codan Limited (OTCMKTS:CODAF) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 800 shares, a decline of 11.1% from the May 31st total of 900 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Codan Price Performance

Shares of Codan stock remained flat at C$7.30 during trading on Monday. Codan has a 52-week low of C$4.90 and a 52-week high of C$7.86. The firm’s 50-day simple moving average is C$7.13 and its 200-day simple moving average is C$6.46.

About Codan

Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions.