Codan Limited (OTCMKTS:CODAF) Short Interest Up 21.4% in January

Codan Limited (OTCMKTS:CODAF) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 10,759 shares, an increase of 21.4% from the January 15th total of 8,862 shares. Based on an average daily volume of 160 shares, the short-interest ratio is presently 67.2 days. Based on an average daily volume of 160 shares, the short-interest ratio is presently 67.2 days.

Codan Stock Performance

CODAF opened at C$27.69 on Wednesday. Codan has a 12 month low of C$18.44 and a 12 month high of C$27.69. The company has a fifty day simple moving average of C$23.79 and a 200 day simple moving average of C$20.90.

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.