Short Interest in Orica Limited (OTCMKTS:OCLDY) Rises By 129.5%

Orica Limited (OTCMKTS:OCLDY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,081 shares, a growth of 129.5% from the May 14th total of 471 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 350 shares, the days-to-cover ratio is currently 3.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Orica to a “hold” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Orica Stock Performance

Shares of OCLDY stock opened at $16.51 on Monday. Orica has a one year low of $12.17 and a one year high of $19.00. The firm’s 50 day moving average price is $14.96 and its 200-day moving average price is $15.80. The firm has a market cap of $7.74 billion and a P/E ratio of 10.10.

Orica Company Profile

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.