Deep Yellow Limited (OTCMKTS:DYLLF) Short Interest Update

Deep Yellow Limited (OTCMKTS:DYLLF) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,224,427 shares, an increase of 46.3% from the January 15th total of 1,520,973 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 495,673 shares, the days-to-cover ratio is presently 4.5 days. Based on an average daily volume of 495,673 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.2% of the company’s stock are short sold.

Deep Yellow Trading Up 1.2%

Shares of DYLLF opened at $1.74 on Tuesday. The business’s fifty day simple moving average is $1.46 and its two-hundred day simple moving average is $1.26. Deep Yellow has a 12 month low of $0.45 and a 12 month high of $2.10.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DYLLF. Jefferies Financial Group cut Deep Yellow to an “underperform” rating and set a $1.85 price target on the stock. in a research report on Monday. The Goldman Sachs Group assumed coverage on Deep Yellow in a research note on Wednesday, December 17th. They set a “neutral” rating and a $1.85 price objective for the company. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $1.85.

Deep Yellow Company Profile

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.