Deep Yellow Limited (OTCMKTS:DYLLF) Short Interest Down 22.6% in February

Deep Yellow Limited (OTCMKTS:DYLLF) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,788,519 shares, a decrease of 22.6% from the February 12th total of 2,312,170 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 77,171 shares, the days-to-cover ratio is presently 23.2 days. Based on an average daily trading volume, of 77,171 shares, the days-to-cover ratio is presently 23.2 days. Approximately 0.2% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of brokerages recently commented on DYLLF. Jefferies Financial Group lowered shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price objective on the stock. in a report on Monday, February 16th. The Goldman Sachs Group initiated coverage on shares of Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 target price for the company. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1.85.

Deep Yellow Stock Performance

OTCMKTS DYLLF opened at $1.38 on Friday. 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 price is $1.64 and its two-hundred day moving average price is $1.35.

About Deep Yellow

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.