Short Interest in Deep Yellow Limited (OTCMKTS:DYLLF) Declines By 17.0%

Deep Yellow Limited (OTCMKTS:DYLLF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,586,354 shares, a decrease of 17.0% from the November 30th total of 3,117,301 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 142,515 shares, the short-interest ratio is currently 18.1 days. Based on an average trading volume of 142,515 shares, the short-interest ratio is currently 18.1 days. Currently, 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on shares of Deep Yellow in a research note on Wednesday, December 17th. They set a “neutral” rating and a $1.85 target price for the company. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Deep Yellow presently has a consensus rating of “Hold” and a consensus target price of $1.85.

Deep Yellow Trading Down 0.4%

Shares of OTCMKTS:DYLLF traded down $0.01 on Wednesday, hitting $1.22. The company’s stock had a trading volume of 17,780 shares, compared to its average volume of 74,370. Deep Yellow has a 12 month low of $0.45 and a 12 month high of $1.72. The stock’s 50-day moving average is $1.11 and its two-hundred day moving average is $1.15.

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.