Codan Limited (OTCMKTS:CODAF) Stock Short Interest Report for September

Codan Limited (OTCMKTS:CODAF) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 787 shares, a decrease of 43.9% from the September 15th total of 1,402 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ? days.

Codan Stock Performance

Codan stock remained flat at C$47.58 during trading on Friday. Codan has a one year low of C$18.44 and a one year high of C$47.58. The stock’s 50 day moving average price is C$29.36 and its 200-day moving average price is C$25.62.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on shares of Codan in a research report on Tuesday, September 29th. They issued a “buy” rating and a $75.00 price objective on the stock. One analyst has rated the stock with a Buy rating. According to MarketBeat, Codan currently has an average rating of “Buy”.

About Codan

Codan Limited is an Australian technology company that develops communications and metal-detection products for customers worldwide. Founded in 1959 and headquartered in Adelaide, South Australia, the company serves government, military, humanitarian, mining, security and consumer markets.

Its communications business designs and supplies high-frequency, very-high-frequency and ultra-high-frequency radio systems, along with related networking, tracking and communications equipment. These products are used where reliable communications are required in remote or infrastructure-limited environments, including public safety, defense, mining and emergency response applications.

Codan also develops metal-detection technologies through its Minelab business, which produces consumer and specialist detectors for gold prospecting, treasure hunting, security screening and demining.