Codan Limited (OTCMKTS:CODAF – Get Free Report) was the recipient of a large 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 volume of 172 shares, the short-interest ratio is presently 2.1 days.
Codan Price Performance
Codan stock remained flat at C$23.61 during midday trading on Friday. Codan has a twelve month low of C$18.44 and a twelve month high of C$27.69. The firm has a fifty day moving average price of C$23.61 and a two-hundred day moving average price of C$24.30.
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.
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