Orora Limited (OTCMKTS:ORRAF) Sees Large Increase in Short Interest

Orora Limited (OTCMKTS:ORRAF) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,910,100 shares, an increase of 305.9% from the January 31st total of 716,900 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 274.5 days.

Orora Price Performance

Shares of ORRAF stock remained flat at $1.41 during trading hours on Friday. The company has a 50-day simple moving average of $1.52 and a two-hundred day simple moving average of $1.51. Orora has a twelve month low of $1.41 and a twelve month high of $1.65.

About Orora

Orora Limited designs, manufactures, and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. The company operates through Orora Australasia and Orora North America segments. It also provides glass bottles, aluminum cans, tabs, and ends, closures and caps, boxes and cartons, point-of-purchase displays, packaging equipment, rigid and flexible packaging, and general packaging materials and supplies.