Orica Limited (OTCMKTS:OCLDY – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,081 shares, an increase of 129.5% from the May 14th total of 471 shares. Based on an average daily volume of 350 shares, the short-interest ratio is presently 3.1 days. Approximately 0.0% of the company’s shares are sold short.
Analyst Ratings Changes
Separately, Zacks Research raised Orica to a “hold” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
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Orica Stock Performance
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.
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