Orica Limited (OTCMKTS:OCLDY) Sees Significant Drop in Short Interest

Orica Limited (OTCMKTS:OCLDY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 135 shares, a decline of 45.8% from the September 15th total of 249 shares. Based on an average trading volume of 76 shares, the short-interest ratio is currently 1.8 days. Currently, 0.0% of the shares of the company are short sold.

Orica Stock Performance

Orica stock opened at $14.04 on Thursday. The stock’s 50 day moving average price is $15.44 and its two-hundred day moving average price is $15.58. Orica has a 52-week low of $12.62 and a 52-week high of $19.00.

Analyst Ratings Changes

Separately, Zacks Research cut Orica from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Orica Company Profile

Orica Limited is an Australia-based mining and infrastructure services company that develops and supplies commercial explosives, blasting systems and related technologies. Its products are used to fragment and extract rock in surface and underground mining, quarrying, construction and civil infrastructure projects.

The company also provides blasting services, digital monitoring and optimization solutions, ground support products, and specialty chemicals. Its chemical businesses serve industrial and mining applications, including water treatment and mineral processing.

Orica traces its origins to 1874 and is headquartered in Melbourne, Australia.