Codan Limited (OTCMKTS:CODAF) Short Interest Update

Codan Limited (OTCMKTS:CODAF) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,425 shares, a drop of 48.4% from the May 14th total of 6,638 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Codan Price Performance

OTCMKTS CODAF opened at C$23.61 on Friday. The firm has a 50 day simple moving average of C$23.61 and a 200-day simple moving average of C$24.20. Codan has a one year low of C$18.44 and a one year high of C$27.69.

Analyst Ratings Changes

Separately, The Goldman Sachs Group set a $38.50 price objective on shares of Codan in a research note on Sunday, February 22nd.

Codan Company Profile

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.