Short Interest in DRDGOLD Limited (NYSE:DRD) Rises By 18.4%

DRDGOLD Limited (NYSE:DRD) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 1,670,000 shares, an increase of 18.4% from the September 15th total of 1,410,000 shares. Based on an average daily volume of 320,300 shares, the short-interest ratio is presently 5.2 days.

DRDGOLD Stock Up 4.6 %

Shares of NYSE:DRD traded up $0.48 during mid-day trading on Wednesday, hitting $10.84. 197,958 shares of the company traded hands, compared to its average volume of 314,536. The stock has a 50-day moving average price of $9.20 and a two-hundred day moving average price of $8.94. DRDGOLD has a 12-month low of $6.48 and a 12-month high of $10.85.

DRDGOLD Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a dividend of $0.1126 per share. This represents a yield of 1.9%. This is an increase from DRDGOLD’s previous semi-annual dividend of $0.11. The ex-dividend date of this dividend was Friday, September 13th.

Analyst Ratings Changes

A number of analysts have commented on the stock. HC Wainwright decreased their price target on shares of DRDGOLD from $15.50 to $13.25 and set a “buy” rating for the company in a research note on Thursday, August 22nd. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

Institutional Trading of DRDGOLD

Several institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its holdings in DRDGOLD by 11.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 1,802 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,840 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of DRDGOLD by 4,107.5% in the second quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 5,997 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of DRDGOLD during the second quarter valued at approximately $86,000. Finally, Marshall Wace LLP lifted its holdings in DRDGOLD by 34.3% during the second quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company’s stock worth $1,791,000 after acquiring an additional 53,081 shares during the period. Institutional investors own 14.70% of the company’s stock.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.