Orora Limited (OTCMKTS:ORRAF) Sees Significant Drop in Short Interest

Orora Limited (OTCMKTS:ORRAF) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 454,183 shares, a decline of 45.0% from the May 31st total of 826,320 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Orora Price Performance

Shares of ORRAF remained flat at $0.90 on Thursday. The company has a 50 day moving average price of $1.05 and a two-hundred day moving average price of $1.22. Orora has a 12 month low of $0.90 and a 12 month high of $1.46.

Orora Company Profile

Orora Limited (OTCMKTS:ORRAF) is a diversified packaging company providing integrated solutions across design, manufacturing and distribution. The company operates two core business segments: Packaging Distribution, which sources and supplies a broad range of packaging materials including glass bottles, plastic containers, corrugated cartons and closures; and Packaging Solutions, which delivers custom-designed packaging products and services such as glass manufacturing, aluminum can production, label and carton printing, flexible packaging and end-of-line automation.

Headquartered in North Sydney, Australia, Orora serves customers in the beverage, food, wine, dairy, pharmaceutical and industrial markets.