Orica Limited (OTCMKTS:OCLDY) Shares Shorted: Short Interest Down 45.8% in September

Orica Limited (OTCMKTS:OCLDY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 135 shares, a drop of 45.8% from the September 15th total of 249 shares. Based on an average daily volume of 76 shares, the short-interest ratio is presently 1.8 days. Currently, 0.0% of the shares of the stock are sold short.

Orica Stock Performance

OTCMKTS:OCLDY opened at $14.04 on Wednesday. The company has a fifty day moving average of $15.50 and a two-hundred day moving average of $15.57. Orica has a fifty-two week low of $12.62 and a fifty-two week high of $19.00.

Analyst Ratings Changes

Separately, Zacks Research cut Orica from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Orica

Orica Limited is an Australia-based mining and infrastructure services company that develops and supplies commercial explosives, blasting systems and related technologies. Its products are used to fragment and extract rock in surface and underground mining, quarrying, construction and civil infrastructure projects.

The company also provides blasting services, digital monitoring and optimization solutions, ground support products, and specialty chemicals. Its chemical businesses serve industrial and mining applications, including water treatment and mineral processing.

Orica traces its origins to 1874 and is headquartered in Melbourne, Australia.