Spartan Delta Corp. (OTCMKTS:DALXF) Short Interest Update

Spartan Delta Corp. (OTCMKTS:DALXF) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,554,000 shares, a growth of 12.2% from the May 31st total of 2,277,100 shares. Based on an average trading volume of 12,500 shares, the short-interest ratio is presently 204.3 days.

Analyst Ratings Changes

Separately, BMO Capital Markets reaffirmed an “outperform” rating and issued a $5.50 price objective on shares of Spartan Delta in a research note on Tuesday, April 9th.

Spartan Delta Stock Performance

DALXF stock traded up $0.10 during mid-day trading on Tuesday, hitting $2.98. The company had a trading volume of 5,000 shares, compared to its average volume of 23,704. Spartan Delta has a 12 month low of $1.95 and a 12 month high of $4.07. The stock’s fifty day moving average price is $3.01 and its two-hundred day moving average price is $2.63.

Spartan Delta Company Profile

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.