Dundee Corporation (OTCMKTS:DDEJF) Sees Large Decline in Short Interest

Dundee Corporation (OTCMKTS:DDEJF) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 6,166 shares, a drop of 80.5% from the August 15th total of 31,622 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 112,289 shares, the short-interest ratio is presently 0.1 days.

Dundee Price Performance

DDEJF stock traded up $0.02 during midday trading on Friday, hitting $3.77. The company’s stock had a trading volume of 54,790 shares, compared to its average volume of 63,613. Dundee has a twelve month low of $2.20 and a twelve month high of $4.04. The stock has a market capitalization of $339.19 million, a P/E ratio of 1.60 and a beta of 0.68. The company’s fifty day moving average price is $3.05 and its 200 day moving average price is $2.97.

Dundee (OTCMKTS:DDEJF) last released its earnings results on Tuesday, August 11th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $1.31 million for the quarter. Dundee had a return on equity of 59.97% and a net margin of 2,751.15%.

About Dundee

Dundee Precious Metals Inc (OTCMKTS: DDEJF) is a Canada‐based gold mining company engaged in the acquisition, exploration, development and operation of precious metals properties across Europe and Africa. Headquartered in Toronto, Ontario, the firm focuses on producing gold and copper through a combination of underground mining, on-site milling and processing, supported by exploration programs designed to extend mine life and expand resource bases.

The company’s primary operating assets include the Chelopech gold-copper mine in Bulgaria and the Tsumeb copper smelter and refinery in Namibia.