Short Interest in Spartan Delta Corp. (OTCMKTS:DALXF) Decreases By 60.2%

Spartan Delta Corp. (OTCMKTS:DALXF – Get Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 82,600 shares, a drop of 60.2% from the April 15th total of 207,700 shares. Based on an average daily trading volume, of 61,900 shares, the short-interest ratio is currently 1.3 days.

Shares of DALXF stock opened at $9.54 on Thursday. Spartan Delta has a twelve month low of $3.05 and a twelve month high of $10.06. The stock has a fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $6.38.

A number of brokerages recently commented on DALXF. Raymond James raised Spartan Delta from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 16th. Scotiabank lifted their price objective on shares of Spartan Delta from C$17.00 to C$21.00 in a research report on Monday, April 18th. CIBC lifted their target price on Spartan Delta from C$11.00 to C$16.00 in a report on Thursday, April 14th. BMO Capital Markets boosted their price target on shares of Spartan Delta from C$12.00 to C$14.00 in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Spartan Delta from C$13.00 to C$14.00 in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $14.57.

Spartan Delta Company Profile (Get Rating)

Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent.

Read More