De Grey Mining Limited (OTCMKTS:DGMLF) Sees Significant Decrease in Short Interest

De Grey Mining Limited (OTCMKTS:DGMLF) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,610,500 shares, a drop of 52.9% from the January 31st total of 3,415,700 shares. Based on an average daily volume of 310,100 shares, the short-interest ratio is currently 5.2 days.

De Grey Mining Price Performance

Shares of OTCMKTS:DGMLF traded down $0.04 during trading on Friday, hitting $1.21. The company had a trading volume of 10,500 shares, compared to its average volume of 59,008. De Grey Mining has a one year low of $0.67 and a one year high of $1.35. The company has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.04.

De Grey Mining Company Profile

De Grey Mining Limited engages in the exploration of mineral properties in Australia. It primarily holds a 100% interest in the Mallina Gold project covering an area of approximately 1,500 square kilometers located in the Pilbara region of Western Australia. De Grey Mining Limited was incorporated in 2000 and is based in West Perth, Australia.