DRDGOLD Limited (NYSE:DRD) Short Interest Update

DRDGOLD Limited (NYSE:DRD) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,290,000 shares, a drop of 21.3% from the February 13th total of 1,640,000 shares. Based on an average daily volume of 278,500 shares, the short-interest ratio is presently 4.6 days. Currently, 1.5% of the shares of the stock are sold short.

DRDGOLD Price Performance

NYSE DRD traded up $1.05 during mid-day trading on Tuesday, hitting $14.54. The stock had a trading volume of 922,793 shares, compared to its average volume of 304,293. The firm’s 50 day moving average is $11.03 and its 200 day moving average is $10.22. DRDGOLD has a twelve month low of $7.53 and a twelve month high of $14.61. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.54 and a beta of 1.09.

DRDGOLD Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.1628 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, March 14th. DRDGOLD’s dividend payout ratio (DPR) is 19.05%.

Hedge Funds Weigh In On DRDGOLD

A number of institutional investors and hedge funds have recently bought and sold shares of DRD. GAMMA Investing LLC lifted its stake in DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of DRDGOLD by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 1,438 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in DRDGOLD during the fourth quarter worth approximately $25,000. Bank of America Corp DE boosted its stake in DRDGOLD by 47.2% during the fourth quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company’s stock worth $144,000 after buying an additional 5,364 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in DRDGOLD by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company’s stock valued at $878,000 after buying an additional 8,558 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. HC Wainwright dropped their target price on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a research note on Friday.

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.