Codan Limited (OTCMKTS:CODAF) Stock Short Interest Report for September

Codan Limited (OTCMKTS:CODAF) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 787 shares, a decline 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.

Codan Price Performance

Shares of Codan stock remained flat at C$47.58 on Thursday. Codan has a fifty-two week low of C$18.44 and a fifty-two week high of C$47.58. The firm’s 50-day moving average price is C$28.40 and its 200 day moving average price is C$25.30.

Analyst Ratings Changes

Separately, Jefferies Financial Group assumed coverage on Codan in a report on Tuesday, September 29th. They set a “buy” rating and a $75.00 target price for the company. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Codan currently has a consensus rating of “Buy”.

About Codan

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.