Orica Limited (OTCMKTS:OCLDY) Short Interest Update

Orica Limited (OTCMKTS:OCLDY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 506 shares, a decrease of 53.2% from the May 31st total of 1,081 shares. Based on an average daily trading volume, of 135 shares, the short-interest ratio is currently 3.7 days. Approximately 0.0% of the company’s shares are sold short.

Orica Stock Performance

Shares of Orica stock opened at $16.90 on Thursday. Orica has a 12 month low of $12.40 and a 12 month high of $19.00. The firm has a market capitalization of $7.92 billion and a P/E ratio of 10.10. The business has a fifty day simple moving average of $15.62 and a two-hundred day simple moving average of $15.88.

Analysts Set New Price Targets

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