OCI (OTCMKTS:OCINF) Sees Large Drop in Short Interest

OCI (OTCMKTS:OCINF) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 258,732 shares, a decrease of 51.9% from the October 15th total of 537,601 shares. Based on an average trading volume of 184 shares, the short-interest ratio is presently 1,406.2 days.

OCI Price Performance

Shares of OCINF remained flat at $4.60 during trading hours on Friday. The firm has a 50-day moving average of $4.77 and a 200 day moving average of $4.46. OCI has a fifty-two week low of $3.35 and a fifty-two week high of $5.00.

OCI Company Profile

OCI N.V. is a global producer and distributor of nitrogen-based fertilizers, methanol and other chemicals. Its products include ammonia, urea, melamine, methanol and ammonia-derived products used in agriculture, industrial manufacturing, transportation fuels and low-carbon energy applications. The company serves customers across North America, Europe, the Middle East, Africa and other international markets through production facilities, logistics operations and distribution networks. OCI has also developed businesses focused on low-carbon ammonia and hydrogen-related solutions, reflecting the potential use of ammonia as an energy carrier and industrial decarbonization fuel.