DRDGOLD Limited (NYSE:DRD) Short Interest Update

DRDGOLD Limited (NYSE:DRD) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,670,000 shares, a decline 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 days-to-cover ratio is currently 6.9 days.

Institutional Trading of DRDGOLD

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after buying an additional 1,122 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of DRDGOLD by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 9,765 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of DRDGOLD in the third quarter valued at approximately $119,000. Public Employees Retirement System of Ohio bought a new stake in shares of DRDGOLD in the third quarter worth $431,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in DRDGOLD by 12.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company’s stock worth $4,196,000 after purchasing an additional 48,442 shares during the last quarter. 14.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $13.25 price objective on shares of DRDGOLD in a report on Friday, October 18th. StockNews.com cut DRDGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th.

DRDGOLD Trading Up 0.4 %

Shares of NYSE DRD traded up $0.04 during mid-day trading on Friday, reaching $9.30. 149,034 shares of the company’s stock were exchanged, compared to its average volume of 185,346. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $12.70. The business has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $9.63.

About DRDGOLD

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.