Orica Limited (OTCMKTS:OCLDY) Sees Significant Growth in Short Interest

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

Orica Stock Performance

OTCMKTS OCLDY remained flat at $17.00 on Tuesday. 6 shares of the company’s stock traded hands, compared to its average volume of 648. The stock’s fifty day simple moving average is $16.02 and its 200-day simple moving average is $15.94. The company has a market capitalization of $7.96 billion and a price-to-earnings ratio of 10.10. Orica has a 1 year low of $12.62 and a 1 year high of $19.00.

Analysts Set New Price Targets

Separately, Zacks Research raised Orica to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Orica

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.