December 1, 2016 - By Ellis Scott · 0 Comments
The stock of DALECO RESOURCES CORPORATION (OTCMKTS:DLOV) registered an increase of 583.33% in short interest. DLOV’s total short interest was 4,100 shares in December as published by FINRA. Its up 583.33% from 600 shares, reported previously. With 29,100 shares average volume, it will take short sellers 0 days to cover their DLOV’s short positions. The stock last traded at $0.0201 per share. It is down 50.00% since April 28, 2016 and is downtrending. It has underperformed by 55.93% the S&P500.
Daleco Resources Corporation is a natural resource company. The company has a market cap of $1.46 million. The Firm is engaged in the exploration, development and production of gas and oil properties. It currently has negative earnings. The Company’s operating divisions include minerals, and gas and oil.
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 1.00, from 0 in 2016Q1. The ratio improved, as 0 funds sold all Daleco Resources Corporation shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 759,670 shares or 0.00% without change from 759,670 shares in 2016Q1.
Bb&T Secs Ltd Llc holds 0% or 124,670 shares in its portfolio. Wellington Shields Mngmt Ltd Liability Corp has invested 0% of its portfolio in Daleco Resources Corporation (OTCMKTS:DLOV).
Daleco Resources Corporation, incorporated on March 12, 2002, is a natural resource company. The Firm is engaged in the exploration, development and production of gas and oil properties. The Company’s operating divisions include minerals, and gas and oil. The Company, through its subsidiaries, Westland Resources Corporation, DRI Operating Company and Deven Resources, Inc., owns and operates gas and oil properties in the States of Texas, West Virginia and the Commonwealth of Pennsylvania.
More notable recent Daleco Resources Corporation (OTCMKTS:DLOV) news were published by: Businesswire.com which released: “Daleco Resources Corp. Names Michael D. Parrish as Chief Executive Officer” on August 28, 2012, also Globenewswire.com with their article: “International Kaolin & Metakaolin (For Paper, Ceramics, Paints & Adhesives …” published on July 08, 2014, Businesswire.com published: “Kaolin and Metakaolin Market Driven by Rising Demand for Cement and Concrete …” on March 23, 2015. More interesting news about Daleco Resources Corporation (OTCMKTS:DLOV) were released by: Prnewswire.com and their article: “Reportlinker Adds World Kaolin Industry” published on December 17, 2009 as well as Prnewswire.com‘s news article titled: “World Kaolin Market” with publication date: September 09, 2014.
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By Ellis Scott