Codan Limited (OTCMKTS:CODAF) Short Interest Up 78.5% in August

Codan Limited (OTCMKTS:CODAF) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 853 shares, an increase of 78.5% from the July 30th total of 478 shares. Based on an average daily trading volume, of 3 shares, the days-to-cover ratio is presently 284.3 days.

Codan Stock Performance

CODAF opened at C$23.61 on Monday. Codan has a one year low of C$18.44 and a one year high of C$27.69. The business’s 50 day moving average price is C$23.61 and its 200 day moving average price is C$24.30.

About Codan

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.