Short Interest in Codan Limited (OTCMKTS:CODAF) Increases By 212.5%

Codan Limited (OTCMKTS:CODAF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 2,500 shares, an increase of 212.5% from the August 31st total of 800 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 4.2 days. Based on an average trading volume of 600 shares, the short-interest ratio is presently 4.2 days.

Codan Price Performance

Shares of CODAF stock opened at C$18.44 on Friday. The stock’s 50-day moving average is C$15.50 and its 200 day moving average is C$11.33. Codan has a 1-year low of C$18.44 and a 1-year high of C$21.00.

About Codan

Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions.