Short Interest in Codan Limited (OTCMKTS:CODAF) Decreases By 78.5%

Codan Limited (OTCMKTS:CODAF) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 354 shares, a decrease of 78.5% from the June 30th total of 1,650 shares. Based on an average daily trading volume, of 172 shares, the short-interest ratio is currently 2.1 days.

Codan Stock Performance

CODAF opened at C$23.61 on Monday. The business’s 50-day moving average price is C$23.61 and its 200-day moving average price is C$24.33. Codan has a 12 month low of C$18.44 and a 12 month 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.