Spartan Delta Corp. (OTCMKTS:DALXF – Get Free Report) was the target of a large growth in short interest in 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 days-to-cover ratio is presently 204.3 days.
Spartan Delta Trading Up 3.4 %
DALXF traded up $0.10 during trading on Monday, 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 one year low of $1.95 and a one year high of $4.07. The firm’s 50-day moving average price is $3.01 and its 200 day moving average price is $2.62.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reaffirmed an “outperform” rating and issued a $5.50 price objective on shares of Spartan Delta in a research report on Tuesday, April 9th.
About Spartan Delta
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.
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