Codan Limited (OTCMKTS:CODAF – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 354 shares, a decline of 78.5% from the June 30th total of 1,650 shares. Based on an average daily volume of 172 shares, the days-to-cover ratio is currently 2.1 days.
Codan Stock Performance
Shares of CODAF opened at C$23.61 on Friday. Codan has a 12 month low of C$18.44 and a 12 month high of C$27.69. The firm has a fifty day simple moving average of C$23.61 and a 200 day simple moving average of C$24.30.
About Codan
Codan Limited (OTCMKTS:CODAF) is an Australian technology company specializing in the design and manufacture of communications and detection equipment. Headquartered in Adelaide, South Australia, Codan operates through two primary business segments—detection and communications—providing hardware, software and turn-key solutions to commercial, government and humanitarian customers worldwide.
In its detection segment, Codan markets metal-detection products under the Minelab brand. These detectors serve a range of applications including gold prospecting, security screening, landmine and ordinance clearance, and archaeological exploration.
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