Codan Limited (OTCMKTS:CODAF) Shares Shorted: Short Interest Up 318.5% in September

Codan Limited (OTCMKTS:CODAF) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,402 shares, a growth of 318.5% from the August 31st total of 335 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ? days.

Codan Price Performance

CODAF stock remained flat at C$23.61 during trading hours on Friday. The business has a fifty day moving average of C$23.61 and a two-hundred day moving average of C$23.75. Codan has a 52 week low of C$18.44 and a 52 week high of C$27.69.

Codan Company Profile

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.