Deep Yellow Limited (OTCMKTS:DYLLF) Sees Significant Growth in Short Interest

Deep Yellow Limited (OTCMKTS:DYLLF) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,224,427 shares, a growth of 46.3% from the January 15th total of 1,520,973 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 495,673 shares, the short-interest ratio is currently 4.5 days. Based on an average trading volume of 495,673 shares, the short-interest ratio is currently 4.5 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

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 price objective for the company. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1.85.

Deep Yellow Stock Performance

OTCMKTS DYLLF opened at $1.74 on Friday. The stock’s 50-day moving average is $1.45 and its two-hundred day moving average is $1.25. Deep Yellow has a fifty-two week low of $0.45 and a fifty-two week high of $2.10.

Deep Yellow Company Profile

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.