DRDGOLD Ltd. (DRD) Short Interest Down 92.2% in March
DRDGOLD Ltd. (NYSE:DRD) was the target of a significant decrease in short interest during the month of March. As of March 29th, there was short interest totalling 81,508 shares, a decrease of 92.2% from the March 15th total of 1,048,625 shares. Based on an average daily trading volume, of 200,514 shares, the days-to-cover ratio is currently 0.4 days.
Separately, Macquarie assumed coverage on shares of DRDGOLD in a research report on Friday, March 8th. They set an “outperform” rating and a $2.10 price target for the company.
DRD opened at $1.91 on Wednesday. DRDGOLD has a 52-week low of $1.71 and a 52-week high of $2.95. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.
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DRDGOLD Company Profile
DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.
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