Short Interest in Codan Limited (OTCMKTS:CODAF) Drops By 25.2%

Codan Limited (OTCMKTS:CODAF) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 8,862 shares, a decrease of 25.2% from the December 31st total of 11,843 shares. Based on an average daily trading volume, of 20 shares, the days-to-cover ratio is presently 443.1 days. Based on an average daily trading volume, of 20 shares, the days-to-cover ratio is presently 443.1 days.

Codan Price Performance

Shares of Codan stock opened at C$27.69 on Friday. The company’s fifty day simple moving average is C$22.84 and its two-hundred day simple moving average is C$19.39. Codan has a 12-month low of C$18.44 and a 12-month high of C$27.69.

About Codan

Codan Limited (OTCMKTS:CODAF) is an Australian technology company specializing in the design and manufacture of communications and detection equipment. Headquartered in Adelaide, South Australia, Codan operates through two primary business segments—detection and communications—providing hardware, software and turn-key solutions to commercial, government and humanitarian customers worldwide.

In its detection segment, Codan markets metal-detection products under the Minelab brand. These detectors serve a range of applications including gold prospecting, security screening, landmine and ordinance clearance, and archaeological exploration.