Orica Limited (OTCMKTS:OCLDF – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 34,666 shares, a drop of 39.4% from the April 15th total of 57,223 shares. Based on an average daily volume of 2 shares, the days-to-cover ratio is currently 17,333.0 days.
Orica Price Performance
OCLDF remained flat at $13.80 during trading on Friday. The company’s fifty day moving average price is $14.29 and its 200-day moving average price is $14.61. Orica has a 1-year low of $13.80 and a 1-year high of $17.20.
About Orica
Orica Limited (OTCMKTS:OCLDF) is a leading global provider of commercial explosives, blasting systems and ground support services for the mining, quarrying, oil and gas industries. The company’s core offerings include bulk and packaged explosives, electronic detonation systems, initiating systems and a suite of digital blasting services designed to optimize blast designs, improve safety and enhance operational efficiency. Orica also operates a specialty chemicals division, supplying industrial and agricultural chemicals that support mining operations and related industries.
Founded in 1874 as Jones, Scott & Co in Melbourne, Australia, Orica has evolved through strategic acquisitions and divestments to become one of the largest players in the explosives market.
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