Orica Limited (OTCMKTS:OCLDY) Short Interest Down 42.1% in July

Orica Limited (OTCMKTS:OCLDY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 713 shares, a decline of 42.1% from the June 30th total of 1,232 shares. Based on an average daily volume of 159 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Orica Stock Performance

OCLDY stock remained flat at $17.00 during trading on Thursday. 11 shares of the company traded hands, compared to its average volume of 625. Orica has a one year low of $12.62 and a one year high of $19.00. The stock has a 50-day simple moving average of $16.61 and a 200 day simple moving average of $15.97. The stock has a market capitalization of $7.88 billion and a PE 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.