Short Interest in De Grey Mining Limited (OTCMKTS:DGMLF) Grows By 17.8%

De Grey Mining Limited (OTCMKTS:DGMLF) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,897,700 shares, a growth of 17.8% from the February 13th total of 1,610,500 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 253.0 days.

De Grey Mining Stock Performance

DGMLF traded up $0.11 during midday trading on Wednesday, hitting $1.35. 10,316 shares of the company traded hands, compared to its average volume of 46,420. The business has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $1.07. De Grey Mining has a 52-week low of $0.67 and a 52-week high of $1.35.

About De Grey Mining

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.