Spartan Delta Corp. (OTCMKTS:DALXF) Short Interest Up 75.7% in June

Spartan Delta Corp. (OTCMKTS:DALXF) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,888,107 shares, an increase of 75.7% from the June 15th total of 1,074,731 shares. Based on an average daily volume of 109,558 shares, the short-interest ratio is currently 17.2 days.

Analyst Ratings Changes

DALXF has been the subject of a number of research reports. TD Securities reiterated a “buy” rating on shares of Spartan Delta in a report on Wednesday, May 6th. BMO Capital Markets restated an “outperform” rating on shares of Spartan Delta in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Spartan Delta Stock Down 22.0%

DALXF opened at $8.18 on Friday. The stock has a 50-day moving average price of $8.66 and a 200-day moving average price of $8.01. Spartan Delta has a 1 year low of $3.28 and a 1 year high of $11.52.

Spartan Delta Company Profile

Spartan Delta Corp., trading on the OTC Markets under the symbol DALXF, is a Canada-based mineral exploration and development company. The company focuses on the acquisition, exploration and advancement of resource-stage properties targeting battery and critical metals, including nickel, copper, cobalt and gold. Spartan Delta seeks to capitalize on the growing demand for metals that support renewable energy, electric vehicles and advanced technologies.

Spartan Delta’s portfolio comprises early and advanced-stage projects in Canada, with a concentration in Ontario and Quebec.