Short Interest in Orica Limited (OTCMKTS:OCLDF) Rises By 24.0%

Orica Limited (OTCMKTS:OCLDF) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 738,000 shares, a growth of 24.0% from the December 31st total of 595,000 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 1,054.3 days.

Orica Price Performance

OTCMKTS OCLDF remained flat at $10.49 on Monday. Orica has a 52 week low of $9.68 and a 52 week high of $10.60. The firm’s fifty day moving average is $10.28 and its two-hundred day moving average is $10.62.

About Orica

Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. The company provides 4D bulk explosives systems, packaged explosives, initiating systems, boosters, and seismic explosive ranges; technical services and solutions; and supplementary services.