De Grey Mining Limited (OTCMKTS:DGMLF) Sees Large Drop in Short Interest

De Grey Mining Limited (OTCMKTS:DGMLF) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 6,178,800 shares, a decline of 47.2% from the December 31st total of 11,706,100 shares. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is presently 158.8 days.

De Grey Mining Price Performance

Shares of De Grey Mining stock traded down $0.02 during trading hours on Wednesday, hitting $1.18. The company’s stock had a trading volume of 2,400 shares, compared to its average volume of 36,144. The business has a fifty day moving average of $1.15 and a 200 day moving average of $0.96. De Grey Mining has a 1-year low of $0.67 and a 1-year high of $1.35.

De Grey Mining Company Profile

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.