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

Deep Yellow Limited (OTCMKTS:DYLLF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,676,298 shares, an increase of 30.8% from the March 15th total of 2,046,317 shares. Based on an average daily trading volume, of 178,305 shares, the days-to-cover ratio is currently 15.0 days. Currently, 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

DYLLF has been the topic of a number of research reports. Jefferies Financial Group lowered Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price target on the stock. in a report on Monday, February 16th. The Goldman Sachs Group assumed coverage on Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 target price on the stock. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1.85.

Deep Yellow Stock Up 5.1%

Shares of DYLLF opened at $1.46 on Thursday. Deep Yellow has a twelve month low of $0.51 and a twelve month high of $2.10. The stock’s 50 day moving average is $1.49 and its two-hundred day moving average is $1.35.

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.