Codan Limited (OTCMKTS:CODAF – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,650 shares, a decline of 55.2% from the June 15th total of 3,683 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Codan Price Performance
CODAF remained flat at C$23.61 during mid-day trading on Tuesday. The firm’s fifty day moving average price is C$23.61 and its 200 day moving average price is C$24.18. Codan has a twelve month low of C$18.44 and a twelve month high of C$27.69.
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.
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