Orica Limited (OTCMKTS:OCLDY) Stock Short Interest Drops 45.8%

Orica Limited (OTCMKTS:OCLDY) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 135 shares, a decrease of 45.8% from the September 15th total of 249 shares. Based on an average daily volume of 76 shares, the short-interest ratio is presently 1.8 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Orica from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Orica has a consensus rating of “Sell”.

Orica Stock Performance

Shares of Orica stock opened at $14.04 on Wednesday. The firm has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $15.57. Orica has a fifty-two week low of $12.62 and a fifty-two week high of $19.00.

Orica Company Profile

Orica Limited is an Australia-based mining and infrastructure services company that develops and supplies commercial explosives, blasting systems and related technologies. Its products are used to fragment and extract rock in surface and underground mining, quarrying, construction and civil infrastructure projects.

The company also provides blasting services, digital monitoring and optimization solutions, ground support products, and specialty chemicals. Its chemical businesses serve industrial and mining applications, including water treatment and mineral processing.

Orica traces its origins to 1874 and is headquartered in Melbourne, Australia.