Perenti Limited (OTCMKTS:AUSDF – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 8,560 shares, a drop of 38.0% from the August 31st total of 13,803 shares. Based on an average daily volume of 15 shares, the days-to-cover ratio is presently 570.7 days.
Perenti Stock Performance
AUSDF stock opened at $1.80 on Thursday. Perenti has a 52-week low of $0.90 and a 52-week high of $2.00. The business has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $1.68.
Perenti Company Profile
Perenti Limited is an Australia-based mining services company that provides contract mining, mining support and related services to resource companies. Its activities span surface and underground mining, mineral processing support, equipment rental, maintenance, logistics and specialist technical services.
The company operates through a portfolio of businesses and brands, including Ausdrill, Barminco, BTP and MSALABS. These operations provide services such as drilling and blasting, load-and-haul, underground development and production mining, mobile equipment and parts support, laboratory testing, and other services used across the mining life cycle.
Perenti was established in 1987 as Ausdrill and adopted the Perenti name in 2019 as part of a broader group structure.
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