De Grey Mining Limited (OTCMKTS:DGMLF) Sees Significant Decrease in Short Interest

De Grey Mining Limited (OTCMKTS:DGMLF) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,610,500 shares, a decline of 52.9% from the January 31st total of 3,415,700 shares. Based on an average trading volume of 310,100 shares, the days-to-cover ratio is currently 5.2 days.

De Grey Mining Stock Down 3.2 %

OTCMKTS DGMLF traded down $0.04 during trading on Friday, hitting $1.21. 10,500 shares of the company’s stock were exchanged, compared to its average volume of 59,008. De Grey Mining has a fifty-two week low of $0.67 and a fifty-two week high of $1.35. The stock’s 50 day moving average price is $1.22 and its two-hundred day moving average price is $1.04.

About De Grey Mining

De Grey Mining Limited engages in the exploration of mineral properties in Australia. It primarily holds a 100% interest in the Mallina Gold project covering an area of approximately 1,500 square kilometers located in the Pilbara region of Western Australia. De Grey Mining Limited was incorporated in 2000 and is based in West Perth, Australia.