Short Interest in Spartan Delta Corp. (OTCMKTS:DALXF) Expands By 75.7%

Spartan Delta Corp. (OTCMKTS:DALXF) was the recipient of a large 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 trading volume of 109,558 shares, the days-to-cover ratio is presently 17.2 days.

Analyst Ratings Changes

A number of research firms have recently issued reports on DALXF. BMO Capital Markets reiterated an “outperform” rating on shares of Spartan Delta in a research note on Wednesday, May 6th. TD Securities reaffirmed a “buy” rating on shares of Spartan Delta in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Spartan Delta Stock Performance

Shares of OTCMKTS DALXF opened at $10.49 on Friday. Spartan Delta has a fifty-two week low of $3.23 and a fifty-two week high of $11.52. The business has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $8.00.

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.