Orica Limited (OTCMKTS:OCLDY) Short Interest Update

Orica Limited (OTCMKTS:OCLDY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,232 shares, an increase of 143.5% from the June 15th total of 506 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 244 shares, the short-interest ratio is currently 5.0 days.

Orica Stock Performance

OCLDY stock remained flat at $17.00 during mid-day trading on Tuesday. The company’s stock had a trading volume of 6 shares, compared to its average volume of 648. Orica has a 1-year low of $12.62 and a 1-year high of $19.00. The business’s 50 day moving average price is $16.02 and its 200 day moving average price is $15.94. The company has a market capitalization of $7.96 billion and a P/E ratio of 10.10.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Orica to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Orica Company Profile

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.