OCI (OTCMKTS:OCINF) Sees Large Drop in Short Interest

OCI (OTCMKTS:OCINF) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,520,400 shares, a decline of 22.9% from the October 31st total of 1,972,500 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is presently 253.4 days.

OCI Stock Performance

Shares of OCI stock opened at $11.61 on Friday. The company has a fifty day simple moving average of $20.49 and a 200-day simple moving average of $24.83. OCI has a 12-month low of $11.15 and a 12-month high of $32.65.

OCI Company Profile

OCI N.V. produces and distributes hydrogen-based and natural gas-based products to agricultural, transportation, and industrial customers. It operates through Methanol US, Methanol Europe, and Nitrogen Europe segments. The company offers anhydrous ammonia, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, ammonium sulphate, ammonium nitrate + sulphur, renewable and lower carbon ammonia, nitric acid, bio-methanol, methanol, melamine, carbon dioxide, and diesel exhaust fluid, as well as other nitrogen products.