DRDGOLD Limited (NYSE:DRD) Short Interest Update

DRDGOLD Limited (NYSE:DRD) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,650,000 shares, a decrease of 7.3% from the January 15th total of 1,780,000 shares. Based on an average trading volume of 237,000 shares, the days-to-cover ratio is presently 7.0 days.

Analysts Set New Price Targets

Separately, HC Wainwright upped their price target on DRDGOLD from $13.25 to $17.25 and gave the stock a “buy” rating in a report on Wednesday, January 22nd.

Institutional Investors Weigh In On DRDGOLD

Several large investors have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC bought a new position in shares of DRDGOLD in the fourth quarter worth $25,000. GAMMA Investing LLC grew its stake in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of DRDGOLD in the fourth quarter worth $98,000. Squarepoint Ops LLC bought a new position in shares of DRDGOLD in the fourth quarter worth $110,000. Finally, Virtu Financial LLC bought a new position in shares of DRDGOLD in the third quarter worth $119,000. 14.70% of the stock is owned by institutional investors and hedge funds.

DRDGOLD Price Performance

DRD stock opened at $10.44 on Wednesday. DRDGOLD has a 12-month low of $6.48 and a 12-month high of $12.70. The stock’s 50 day simple moving average is $9.61 and its 200 day simple moving average is $9.74.

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.