DRDGOLD Limited (NYSE:DRD) Short Interest Down 7.7% in December

DRDGOLD Limited (NYSE:DRD) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 1,670,000 shares, a drop of 7.7% from the December 15th total of 1,810,000 shares. Based on an average daily trading volume, of 241,600 shares, the short-interest ratio is presently 6.9 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DRD shares. StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. HC Wainwright reaffirmed a “buy” rating and issued a $13.25 target price on shares of DRDGOLD in a report on Friday, October 18th.

Institutional Trading of DRDGOLD

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position 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 valued at $28,000 after purchasing an additional 1,122 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in DRDGOLD by 68.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 1,840 shares during the last quarter. Virtu Financial LLC acquired a new stake in DRDGOLD during the third quarter worth approximately $119,000. Blue Trust Inc. boosted its position in DRDGOLD by 488.4% during the third quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 30,001 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in DRDGOLD during the third quarter worth approximately $431,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Stock Up 0.4 %

Shares of DRD stock traded up $0.04 during trading hours on Monday, hitting $9.30. The company’s stock had a trading volume of 149,034 shares, compared to its average volume of 185,346. The business has a fifty day moving average of $9.27 and a 200-day moving average of $9.64. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $12.70.

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.