Deep Yellow Limited (OTCMKTS:DYLLF) Short Interest Update

Deep Yellow Limited (OTCMKTS:DYLLF) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 2,676,298 shares, a growth 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 short-interest ratio is presently 15.0 days. Approximately 0.3% of the company’s stock are sold short.

Deep Yellow Stock Performance

Shares of DYLLF stock traded up $0.07 during midday trading on Wednesday, hitting $1.46. 41,252 shares of the company were exchanged, compared to its average volume of 104,271. The firm’s 50 day moving average price is $1.50 and its two-hundred day moving average price is $1.35. Deep Yellow has a 52 week low of $0.51 and a 52 week high of $2.10.

Analyst Ratings Changes

Several brokerages have issued reports on DYLLF. Jefferies Financial Group lowered shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price target on the stock. in a research note on Monday, February 16th. The Goldman Sachs Group assumed coverage on shares of Deep Yellow in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $1.85 price target on the stock. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1.85.

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.