OCI (OTCMKTS:OCINF – Get Free Report) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 258,732 shares, a drop of 51.9% from the October 15th total of 537,601 shares. Based on an average daily trading volume, of 184 shares, the days-to-cover ratio is currently 1,406.2 days.
OCI Price Performance
OTCMKTS:OCINF remained flat at $4.60 during mid-day trading on Friday. The company has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $4.46. OCI has a 1 year low of $3.35 and a 1 year high of $5.00.
About OCI
OCI N.V. is a global producer and distributor of nitrogen-based fertilizers, methanol and other chemicals. Its products include ammonia, urea, melamine, methanol and ammonia-derived products used in agriculture, industrial manufacturing, transportation fuels and low-carbon energy applications. The company serves customers across North America, Europe, the Middle East, Africa and other international markets through production facilities, logistics operations and distribution networks. OCI has also developed businesses focused on low-carbon ammonia and hydrogen-related solutions, reflecting the potential use of ammonia as an energy carrier and industrial decarbonization fuel.
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