Short Interest in Paladin Energy Ltd (OTCMKTS:PALAF) Grows By 25.7%

Paladin Energy Ltd (OTCMKTS:PALAF) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 15,579,800 shares, a growth of 25.7% from the December 31st total of 12,391,000 shares. Based on an average trading volume of 532,700 shares, the days-to-cover ratio is currently 29.2 days.

Paladin Energy Stock Up 1.4 %

Paladin Energy stock traded up $0.07 during trading hours on Friday, hitting $5.44. The company had a trading volume of 69,181 shares, compared to its average volume of 245,707. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.02 and a quick ratio of 1.50. The company has a 50-day moving average price of $5.06 and a two-hundred day moving average price of $6.30. Paladin Energy has a 1 year low of $4.27 and a 1 year high of $14.48.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded Paladin Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 25th.

Paladin Energy Company Profile

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.