Orica Limited (OTCMKTS:OCLDY) Short Interest Update

Orica Limited (OTCMKTS:OCLDY) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 506 shares, a decline of 53.2% from the May 31st total of 1,081 shares. Based on an average daily trading volume, of 135 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.0% of the company’s shares are sold short.

Orica Stock Performance

Shares of OTCMKTS:OCLDY remained flat at $16.90 during mid-day trading on Tuesday. The company had a trading volume of 5 shares, compared to its average volume of 648. The stock’s 50-day moving average price is $15.53 and its 200 day moving average price is $15.87. The firm has a market capitalization of $7.92 billion and a price-to-earnings ratio of 10.10. Orica has a 1-year low of $12.40 and a 1-year high of $19.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Orica to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Orica currently has a consensus rating of “Hold”.

About Orica

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.