Codan Limited (OTCMKTS:CODAF) Sees Large Decline in Short Interest

Codan Limited (OTCMKTS:CODAF) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 13,658 shares, a decline of 16.9% from the March 15th total of 16,435 shares. Based on an average trading volume of 75 shares, the short-interest ratio is presently 182.1 days.

Codan Price Performance

Codan stock opened at C$23.61 on Thursday. The firm has a 50-day moving average price of C$25.82 and a two-hundred day moving average price of C$23.63. Codan has a 52-week low of C$18.44 and a 52-week high of C$27.69.

Analyst Ratings Changes

Separately, The Goldman Sachs Group set a $38.50 target price on Codan in a research note on Sunday, February 22nd.

Codan Company Profile

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.