Short Interest in Codan Limited (OTCMKTS:CODAF) Drops By 25.6%

Codan Limited (OTCMKTS:CODAF) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 11,843 shares, a decrease of 25.6% from the December 15th total of 15,914 shares. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 657.9 days. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 657.9 days.

Codan Price Performance

Shares of OTCMKTS:CODAF opened at C$22.34 on Friday. The firm has a fifty day moving average of C$22.80 and a two-hundred day moving average of C$18.40. Codan has a 12-month low of C$18.44 and a 12-month high of C$23.74.

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.