Short Interest in Deep Yellow Limited (OTCMKTS:DYLLF) Declines By 37.6%

Deep Yellow Limited (OTCMKTS:DYLLFGet Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,520,973 shares, a decline of 37.6% from the December 31st total of 2,437,066 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 183,398 shares, the days-to-cover ratio is currently 8.3 days. Based on an average daily volume of 183,398 shares, the days-to-cover ratio is currently 8.3 days. Currently, 0.2% of the shares of the stock are short sold.

Deep Yellow Price Performance

Shares of DYLLF stock traded up $0.03 on Friday, hitting $1.90. The stock had a trading volume of 104,401 shares, compared to its average volume of 166,493. Deep Yellow has a 52-week low of $0.45 and a 52-week high of $2.10. The stock’s 50 day moving average is $1.31 and its 200-day moving average is $1.21.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on shares of Deep Yellow in a report on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 price target on the stock. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Deep Yellow presently has an average rating of “Hold” and a consensus target price of $1.85.

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Deep Yellow Company Profile

(Get Free Report)

Deep Yellow Limited is an Australia-based mineral exploration and development company focused on advancing uranium projects in Africa. Established in 1990 and headquartered in Perth, the company’s principal goal is to define and develop high-quality uranium resources to support global low-carbon energy solutions. Deep Yellow pursues a strategy of systematic exploration, resource delineation and feasibility studies aimed at delivering near-term production opportunities.

The company’s flagship assets are located in Namibia’s well-known uranium provinces, including the Tumas and Omahola project areas, where extensive drilling programs have identified significant mineralisation.

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