Codan Limited (OTCMKTS:CODAF) Short Interest Down 60.7% in August

Codan Limited (OTCMKTS:CODAFGet Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 335 shares, a decrease of 60.7% from the August 15th total of 853 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Codan Stock Performance

Shares of CODAF stock opened at C$23.61 on Tuesday. The company has a 50 day moving average price of C$23.61 and a 200-day moving average price of C$23.99. Codan has a 52 week low of C$18.44 and a 52 week high of C$27.69.

Codan Company Profile

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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.

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