Deep Yellow Limited (OTCMKTS:DYLLF) Sees Large Decline in Short Interest

Deep Yellow Limited (OTCMKTS:DYLLF) was the recipient 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. Based on an average trading volume of 142,515 shares, the short-interest ratio is currently 18.1 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 142,515 shares, the short-interest ratio is currently 18.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on Deep Yellow in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 target price on the stock. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Deep Yellow presently has an average rating of “Hold” and an average price target of $1.85.

Deep Yellow Stock Performance

Shares of DYLLF stock opened at $1.22 on Friday. The firm’s 50 day moving average price is $1.11 and its 200-day moving average price is $1.15. Deep Yellow has a one year low of $0.45 and a one year high of $1.72.

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.