Paladin Energy Ltd (OTCMKTS:PALAF) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Paladin Energy Stock Performance

Shares of PALAF stock opened at $5.44 on Monday. Paladin Energy has a fifty-two week low of $4.27 and a fifty-two week high of $14.48. The stock’s fifty day moving average is $5.06 and its two-hundred day moving average is $6.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 4.02.

About Paladin Energy

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.