Orica Limited (OTCMKTS:OCLDY – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 110 shares, a drop of 53.0% from the November 30th total of 234 shares. Based on an average trading volume of 79 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 79 shares, the days-to-cover ratio is presently 1.4 days.
Orica Stock Performance
OCLDY remained flat at $16.65 on Friday. The stock’s fifty day moving average price is $15.33 and its 200 day moving average price is $14.12. Orica has a 52-week low of $8.71 and a 52-week high of $17.02.
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.
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