Short Interest in Orica Limited (OTCMKTS:OCLDF) Rises By 127.3%

Orica Limited (OTCMKTS:OCLDF) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 23,600 shares, an increase of 127.3% from the June 30th total of 10,382 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Orica Price Performance

Orica stock remained flat at $13.80 during trading hours on Tuesday. The firm has a fifty day moving average of $13.80 and a 200-day moving average of $14.30. Orica has a 1 year low of $13.80 and a 1 year high of $17.20.

Orica Company Profile

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.