Short Interest in Codan Limited (OTCMKTS:CODAF) Drops By 25.2%

Codan Limited (OTCMKTS:CODAF) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,862 shares, a decrease of 25.2% from the December 31st total of 11,843 shares. Based on an average trading volume of 20 shares, the short-interest ratio is presently 443.1 days. Based on an average trading volume of 20 shares, the short-interest ratio is presently 443.1 days.

Codan Price Performance

CODAF remained flat at C$27.69 during trading on Monday. Codan has a 52 week low of C$18.44 and a 52 week high of C$27.69. The company has a fifty day moving average price of C$22.84 and a 200 day moving average price of C$19.45.

About Codan

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.