Orica Limited (OTCMKTS:OCLDY) Short Interest Up 237.4% in March

Orica Limited (OTCMKTS:OCLDY) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 361 shares, an increase of 237.4% from the February 26th total of 107 shares. Based on an average trading volume of 1,069 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 1,069 shares, the short-interest ratio is currently 0.3 days.

Orica Price Performance

OCLDY remained flat at $13.29 during trading on Wednesday. 65 shares of the company’s stock traded hands, compared to its average volume of 763. The business’s fifty day moving average is $16.73 and its 200 day moving average is $15.60. Orica has a 1-year low of $8.71 and a 1-year high of $19.00.

Orica Company Profile

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.