Orica Limited (OTCMKTS:OCLDY – Get Free Report) was the recipient of a large 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 short-interest ratio is currently 3.7 days. Approximately 0.0% of the company’s stock are short sold.
Orica Stock Performance
Shares of Orica stock remained flat at $16.90 on Tuesday. The stock had a trading volume of 5 shares, compared to its average volume of 648. Orica has a 12 month low of $12.40 and a 12 month high of $19.00. The firm has a market capitalization of $7.92 billion and a PE ratio of 10.10. The business’s 50-day simple moving average is $15.53 and its 200-day simple moving average is $15.87.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised 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, According to data from MarketBeat.com, the stock presently has an average 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.
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