Regis Resources Limited (OTCMKTS:RGRNF) Sees Significant Drop in Short Interest

Regis Resources Limited (OTCMKTS:RGRNF) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 834,826 shares, a decrease of 38.0% from the December 31st total of 1,346,586 shares. Based on an average daily volume of 1,939 shares, the short-interest ratio is currently 430.5 days. Based on an average daily volume of 1,939 shares, the short-interest ratio is currently 430.5 days.

Regis Resources Price Performance

RGRNF opened at $5.50 on Friday. The company’s 50 day simple moving average is $4.88 and its two-hundred day simple moving average is $3.97. Regis Resources has a 1-year low of $1.74 and a 1-year high of $6.00.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $6.50 price objective on Regis Resources in a research note on Sunday, October 12th.

Regis Resources Company Profile

Regis Resources Limited (OTCMKTS:RGRNF) is an Australian-based gold producer focused on the exploration, development and mining of gold deposits. The company’s principal asset is the Duketon Gold Project, located in the Leonora region of Western Australia, where it operates a number of open-pit and underground gold mines. Regis generates revenue through the production and sale of gold doré bars to regional and global refineries.

The Duketon Gold Project comprises several mining operations, including Garden Well, Rosemont and Moolart Well, all supported by an on-site processing plant and associated infrastructure.