Codan Limited (OTCMKTS:CODAF) Sees Significant Decrease in Short Interest

Codan Limited (OTCMKTS:CODAF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,650 shares, a drop of 55.2% from the June 15th total of 3,683 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Codan Price Performance

Shares of Codan stock opened at C$23.61 on Wednesday. Codan has a 52-week low of C$18.44 and a 52-week high of C$27.69. The business’s 50 day simple moving average is C$23.61 and its 200 day simple moving average is C$24.18.

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.