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

Orora Limited (OTCMKTS:ORRAF – Get Rating) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 17,900 shares, a drop of 26.0% from the March 15th total of 24,200 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 179.0 days.

Shares of ORRAF opened at $2.70 on Friday. The firm’s 50 day moving average price is $2.46 and its 200 day moving average price is $2.40. Orora has a twelve month low of $2.23 and a twelve month high of $2.81.

About Orora (Get Rating)

Orora Limited designs, manufactures, and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. It operates through Orora Australasia and Orora North America segments. The company provides glass bottles, aluminum cans, tabs and ends, closures and caps, boxes and cartons, point-of-purchase displays, packaging equipment, rigid and flexible packaging, and general packaging materials and supplies.

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