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

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

Codan Stock Performance

CODAF stock opened at C$27.69 on Friday. Codan has a fifty-two week low of C$18.44 and a fifty-two week high of C$27.69. The business’s 50 day moving average price is C$22.84 and its two-hundred day moving average price is C$19.39.

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.