Paladin Energy Ltd (OTCMKTS:PALAF) Sees Large Growth in Short Interest

Paladin Energy Ltd (OTCMKTS:PALAF) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 15,579,800 shares, a growth of 25.7% from the December 31st total of 12,391,000 shares. Based on an average daily volume of 532,700 shares, the short-interest ratio is presently 29.2 days.

Analyst Ratings Changes

Separately, UBS Group downgraded Paladin Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 25th.

Paladin Energy Trading Up 1.4 %

Shares of PALAF traded up $0.07 during midday trading on Monday, reaching $5.44. The stock had a trading volume of 69,181 shares, compared to its average volume of 111,955. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 4.02. The firm has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $6.28. Paladin Energy has a one year low of $4.27 and a one year high of $14.48.

Paladin Energy Company Profile

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.