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.

Several institutional investors and hedge funds have recently bought and sold shares of DRD. Ruffer LLP increased its holdings in DRDGOLD by 3.8% in the 4th quarter. Ruffer LLP now owns 3,122,186 shares of the basic materials company’s stock worth $6,603,000 after buying an additional 115,190 shares during the period. Jane Street Group LLC increased its holdings in DRDGOLD by 970.3% in the 4th quarter. Jane Street Group LLC now owns 273,882 shares of the basic materials company’s stock worth $570,000 after buying an additional 248,292 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in DRDGOLD in the 4th quarter worth approximately $238,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

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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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