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 during the month of 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 trading volume, of 77,171 shares, the short-interest ratio is presently 23.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 77,171 shares, the short-interest ratio is presently 23.2 days.

Deep Yellow Price Performance

Shares of DYLLF opened at $1.38 on Friday. The firm has a 50-day moving average of $1.64 and a 200-day moving average of $1.35. Deep Yellow has a one year low of $0.45 and a one year high of $2.10.

Analyst Ratings Changes

A number of research firms have recently commented on DYLLF. Jefferies Financial Group downgraded shares of Deep Yellow from a “hold” rating to a “moderate sell” rating and set a $1.85 price objective for the company. in a research note on Monday, February 16th. The Goldman Sachs Group initiated coverage on Deep Yellow in a research report on Wednesday, December 17th. They set a “neutral” rating and a $1.85 price target for the company. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Deep Yellow has a consensus rating of “Hold” and a consensus 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.