Orica Limited (OTCMKTS:OCLDY) Short Interest Up 129.5% in May

Orica Limited (OTCMKTS:OCLDY) saw a large 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 trading volume of 350 shares, the short-interest ratio is currently 3.1 days. Currently, 0.0% of the shares of the stock are short sold.

Orica Stock Performance

OTCMKTS OCLDY remained flat at $16.51 on Friday. 14 shares of the company traded hands, compared to its average volume of 661. The stock has a market capitalization of $7.74 billion and a P/E ratio of 10.10. Orica has a fifty-two week low of $12.17 and a fifty-two week high of $19.00. The stock’s 50 day moving average is $14.96 and its two-hundred day moving average is $15.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Orica to a “hold” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Orica currently has a consensus rating of “Hold”.

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.