Dundee Corporation (OTCMKTS:DDEJF) Sees Large Increase in Short Interest

Dundee Corporation (OTCMKTS:DDEJF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 65,742 shares, a growth of 98.3% from the June 30th total of 33,145 shares. Based on an average trading volume of 118,444 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Dundee Trading Down 5.5%

Shares of Dundee stock traded down $0.14 during trading hours on Friday, reaching $2.40. The stock had a trading volume of 40,190 shares, compared to its average volume of 41,751. The firm has a 50 day simple moving average of $2.63 and a two-hundred day simple moving average of $2.95. The firm has a market capitalization of $216.04 million, a price-to-earnings ratio of 0.89 and a beta of 0.59. Dundee has a 1 year low of $2.05 and a 1 year high of $3.81.

Dundee (OTCMKTS:DDEJF) last issued its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Dundee had a return on equity of 76.48% and a net margin of 3,472.57%.The firm had revenue of $3.04 million for the quarter.

About Dundee

Dundee Precious Metals Inc (OTCMKTS: DDEJF) is a Canada‐based gold mining company engaged in the acquisition, exploration, development and operation of precious metals properties across Europe and Africa. Headquartered in Toronto, Ontario, the firm focuses on producing gold and copper through a combination of underground mining, on-site milling and processing, supported by exploration programs designed to extend mine life and expand resource bases.

The company’s primary operating assets include the Chelopech gold-copper mine in Bulgaria and the Tsumeb copper smelter and refinery in Namibia.