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

Codan Limited (OTCMKTS:CODAF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,100 shares, an increase of 210.0% from the February 29th total of 1,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Codan Stock Performance

Shares of CODAF remained flat at C$6.88 during midday trading on Thursday. Codan has a fifty-two week low of C$4.62 and a fifty-two week high of C$6.88. The company has a 50-day simple moving average of C$5.99 and a 200-day simple moving average of C$5.43.

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.