Short Interest in Orica Limited (OTCMKTS:OCLDY) Declines By 51.9%

Orica Limited (OTCMKTS:OCLDY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 343 shares, a decrease of 51.9% from the July 15th total of 713 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 126 shares, the short-interest ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

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

Orica Price Performance

OCLDY remained flat at $17.00 during trading on Monday. The company’s stock had a trading volume of 65 shares, compared to its average volume of 24. The stock has a 50-day moving average price of $16.87 and a 200 day moving average price of $15.93. Orica has a one year low of $12.62 and a one year high of $19.00.

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.