Short Interest in Orica Limited (OTCMKTS:OCLDY) Expands By 57.1%

Orica Limited (OTCMKTS:OCLDY) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 176 shares, an increase of 57.1% from the January 15th total of 112 shares. Based on an average daily volume of 615 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 615 shares, the short-interest ratio is presently 0.3 days.

Orica Price Performance

OCLDY remained flat at $17.23 during trading on Monday. 12 shares of the company’s stock were exchanged, compared to its average volume of 1,215. Orica has a twelve month low of $8.71 and a twelve month high of $19.00. The business’s 50-day simple moving average is $16.86 and its two-hundred day simple moving average is $15.18.

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.