Short Interest Filing: It Seems Drdgold Limited (NYSE:DRD) Will Go Down. Just Reported More Shorted Shares

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Filing: It Seems Drdgold Limited (NYSE:DRD) Will Go Down. Just Reported More Shorted Shares

The stock of Drdgold Limited (NYSE:DRD) registered an increase of 23.42% in short interest. DRD’s total short interest was 782,700 shares in December as published by FINRA. Its up 23.42% from 634,200 shares, reported previously. With 295,200 shares average volume, it will take short sellers 3 days to cover their DRD’s short positions. The short interest to Drdgold Limited’s float is 2.14%. About 291,991 shares traded hands. DRDGOLD Ltd. (ADR) (NYSE:DRD) has declined 9.26% since April 28, 2016 and is downtrending. It has underperformed by 15.18% the S&P500.

DRDGOLD Limited is a gold mining company. The company has a market cap of $180.41 million. The Firm is engaged in gold production by tailings retreatment. It has a 44.77 P/E ratio. The Firm is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan.

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.04, from 1.46 in 2016Q1. The ratio increased, as 7 funds sold all DRDGOLD Ltd. (ADR) shares owned while 6 reduced positions. 9 funds bought stakes while 10 increased positions. They now own 4.28 million shares or 46.12% more from 2.93 million shares in 2016Q1.
Navellier Assoc holds 95,199 shares or 0.08% of its portfolio. Goldman Sachs Group has invested 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD). Oxford Asset Mgmt has 0% invested in the company for 18,652 shares. Walleye Trading Limited Liability last reported 0% of its portfolio in the stock. Moreover, Deutsche Bankshares Ag has 0% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 6 shares. Wells Fargo Company Mn owns 2,131 shares or 0% of their US portfolio. Moreover, Bankshares Of America Corporation De has 0% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 550 shares. Dimensional Fund Advsr Lp, a Texas-based fund reported 15,866 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in DRDGOLD Ltd. (ADR) (NYSE:DRD). The Massachusetts-based Acadian Asset Mngmt Llc has invested 0.03% in DRDGOLD Ltd. (ADR) (NYSE:DRD). Citigroup accumulated 0% or 6,200 shares. Natl Asset Mngmt Inc accumulated 0.02% or 35,397 shares. Sprott reported 10,200 shares or 0% of all its holdings. The Wisconsin-based State Of Wisconsin Investment Board has invested 0% in DRDGOLD Ltd. (ADR) (NYSE:DRD). Susquehanna Grp Limited Liability Partnership holds 0% or 29,121 shares in its portfolio.

DRDGOLD Ltd. (ADR) (NYSE:DRD) Ratings Coverage

Out of 2 analysts covering DRDGOLD (NYSE:DRD), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. DRDGOLD has been the topic of 2 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Monday, September 14. The stock has “Hold” rating given by HSBC on Tuesday, August 30.

DRD Company Profile

DRDGOLD Limited, incorporated on February 16, 1895, is a gold mining company. The Firm is engaged in gold production by tailings retreatment. The Firm is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Firm owns 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO). Ergo Mining Proprietary Limited (Ergo) is owned by EMO. Ergo has a vast footprint adjacent to Johannesburg on the central and eastern Witwatersrand of South Africa. The Company’s assets cover an area approximately 62 kilometers from east to west and over 25 kilometers from north to south. The Ergo operation has over two metallurgical plants in operation, including Knights plant and The Ergo plant.

More news for DRDGOLD Ltd. (ADR) (NYSE:DRD) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on May 05, 2011. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 25, 2011 is yet another important article.

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By Pete Kolinski

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