Codan Limited (OTCMKTS:CODAF) Short Interest Update

Codan Limited (OTCMKTS:CODAF) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 16,435 shares, an increase of 56.2% from the February 26th total of 10,522 shares. Based on an average daily trading volume, of 20 shares, the short-interest ratio is presently 821.8 days.

Codan Stock Performance

Shares of CODAF stock remained flat at C$23.61 during mid-day trading on Friday. The stock’s fifty day moving average is C$26.13 and its 200-day moving average is C$23.32. Codan has a 52 week low of C$18.44 and a 52 week high of C$27.69.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $38.50 target price on shares of Codan in a research report on Sunday, February 22nd.

About Codan

Codan Limited (OTCMKTS:CODAF) is an Australian technology company specializing in the design and manufacture of communications and detection equipment. Headquartered in Adelaide, South Australia, Codan operates through two primary business segments—detection and communications—providing hardware, software and turn-key solutions to commercial, government and humanitarian customers worldwide.

In its detection segment, Codan markets metal-detection products under the Minelab brand. These detectors serve a range of applications including gold prospecting, security screening, landmine and ordinance clearance, and archaeological exploration.