Codan Limited (OTCMKTS:CODAF – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 787 shares, a decrease of 43.9% from the September 15th total of 1,402 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group began coverage on Codan in a research note on Tuesday, September 29th. They issued a “buy” rating and a $75.00 price target on the stock. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy”.
Get Our Latest Report on CODAF
Codan Price Performance
Shares of CODAF stock remained flat at C$47.58 on Thursday. The business has a 50 day moving average price of C$28.40 and a two-hundred day moving average price of C$25.30. Codan has a 1-year low of C$18.44 and a 1-year high of C$47.58.
Codan Company Profile
Codan Limited is an Australian technology company that develops communications and metal-detection products for customers worldwide. Its businesses serve a range of markets, including mining, government, military and public safety, humanitarian organizations, agriculture, and consumer recreation.
Through its Minelab business, Codan produces metal detectors used for gold prospecting, treasure hunting, landmine clearance, and security applications. Minelab products are sold internationally and are designed for both professional and recreational users.
Codan’s communications operations develop radio and related communications systems, including high-frequency (HF) radio solutions, tactical communications equipment, and products for remote and infrastructure-limited environments.
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