Short Interest in Orica Limited (OTCMKTS:OCLDF) Drops By 61.4%

Orica Limited (OTCMKTS:OCLDFGet Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 10,382 shares, a decrease of 61.4% from the June 15th total of 26,886 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Orica Price Performance

Shares of OCLDF remained flat at $13.80 during midday trading on Wednesday. The business’s 50-day simple moving average is $13.80 and its 200-day simple moving average is $14.37. Orica has a 1-year low of $13.80 and a 1-year high of $17.20.

Orica Company Profile

(Get Free Report)

Orica Limited (OTCMKTS:OCLDF) is a leading global provider of commercial explosives, blasting systems and ground support services for the mining, quarrying, oil and gas industries. The company’s core offerings include bulk and packaged explosives, electronic detonation systems, initiating systems and a suite of digital blasting services designed to optimize blast designs, improve safety and enhance operational efficiency. Orica also operates a specialty chemicals division, supplying industrial and agricultural chemicals that support mining operations and related industries.

Founded in 1874 as Jones, Scott & Co in Melbourne, Australia, Orica has evolved through strategic acquisitions and divestments to become one of the largest players in the explosives market.

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