DRDGOLD Limited (NYSE:DRD) Short Interest Update

DRDGOLD Limited (NYSE:DRD) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,660,000 shares, a decrease of 11.2% from the October 31st total of 1,870,000 shares. Based on an average daily volume of 318,100 shares, the short-interest ratio is presently 5.2 days.

Hedge Funds Weigh In On DRDGOLD

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in DRDGOLD in the third quarter valued at $119,000. Public Employees Retirement System of Ohio acquired a new stake in shares of DRDGOLD during the 3rd quarter worth about $431,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in DRDGOLD by 12.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company’s stock worth $4,196,000 after purchasing an additional 48,442 shares during the last quarter. Van ECK Associates Corp boosted its holdings in DRDGOLD by 24.2% in the third quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company’s stock valued at $63,831,000 after purchasing an additional 1,291,541 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new stake in DRDGOLD during the third quarter worth approximately $2,388,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD Stock Up 2.3 %

NYSE:DRD traded up $0.22 during mid-day trading on Friday, hitting $9.74. The stock had a trading volume of 125,883 shares, compared to its average volume of 258,922. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $12.70. The stock has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $9.51.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $13.25 price target on shares of DRDGOLD in a research report on Friday, October 18th. StockNews.com lowered DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

DRDGOLD Company Profile

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.