Orica Limited (OTCMKTS:OCLDY – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 713 shares, a decrease of 42.1% from the June 30th total of 1,232 shares. Based on an average daily trading volume, of 159 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.0% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Orica to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on OCLDY
Orica Stock Performance
About Orica
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.
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