Short Interest in De Grey Mining Limited (OTCMKTS:DGMLF) Declines By 52.9%

De Grey Mining Limited (OTCMKTS:DGMLF) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,610,500 shares, a drop of 52.9% from the January 31st total of 3,415,700 shares. Based on an average daily trading volume, of 310,100 shares, the short-interest ratio is currently 5.2 days.

De Grey Mining Stock Performance

DGMLF stock traded down $0.04 during midday trading on Friday, reaching $1.21. The stock had a trading volume of 10,500 shares, compared to its average volume of 59,008. The firm has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.04. De Grey Mining has a 52-week low of $0.67 and a 52-week high of $1.35.

De Grey Mining Company Profile

De Grey Mining Limited engages in the exploration of mineral properties in Australia. It primarily holds a 100% interest in the Mallina Gold project covering an area of approximately 1,500 square kilometers located in the Pilbara region of Western Australia. De Grey Mining Limited was incorporated in 2000 and is based in West Perth, Australia.