Deep Yellow Limited (OTCMKTS:DYLLF) Short Interest Down 22.6% in February

Deep Yellow Limited (OTCMKTS:DYLLF) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 1,788,519 shares, a decline of 22.6% from the February 12th total of 2,312,170 shares. Based on an average daily volume of 77,171 shares, the days-to-cover ratio is currently 23.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 77,171 shares, the days-to-cover ratio is currently 23.2 days.

Deep Yellow Price Performance

Shares of OTCMKTS DYLLF opened at $1.38 on Monday. The stock’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $1.35. Deep Yellow has a fifty-two week low of $0.45 and a fifty-two week high of $2.10.

Wall Street Analyst Weigh In

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