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

Codan Limited (OTCMKTS:CODAF) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 335 shares, a decline of 60.7% from the August 15th total of 853 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Codan Price Performance

OTCMKTS:CODAF opened at C$23.61 on Friday. The firm has a 50-day moving average of C$23.61 and a two-hundred day moving average of C$24.04. Codan has a 1-year low of C$18.44 and a 1-year high of C$27.69.

Codan Company Profile

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.