Short Interest in Paladin Energy Limited (OTCMKTS:PALAF) Increases By 44.2%

Paladin Energy Limited (OTCMKTS:PALAF) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 828,300 shares, a growth of 44.2% from the August 15th total of 574,300 shares. Based on an average trading volume of 1,667,800 shares, the days-to-cover ratio is currently 0.5 days.

OTCMKTS:PALAF traded down $0.05 during trading hours on Monday, hitting $0.68. The stock had a trading volume of 4,738,200 shares, compared to its average volume of 1,809,964. The company has a quick ratio of 14.27, a current ratio of 16.35 and a debt-to-equity ratio of 3.37. Paladin Energy has a 1-year low of $0.08 and a 1-year high of $0.80. The business has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.38.

Paladin Energy Company Profile

Paladin Energy Ltd. engages in the development and operation of uranium mines. It operates through the following segments: Exploration, Namibia, Malawi and Australia. The Exploration segment focuses on developing exploration and evaluation projects. The Namibia and Malawi segments involve in the production and sale of uranium from the mines located in these geographic regions.

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