Regis Resources Limited (OTCMKTS:RGRNF) Sees Significant Drop in Short Interest

Regis Resources Limited (OTCMKTS:RGRNF) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 690,478 shares, a drop of 47.5% from the June 30th total of 1,314,389 shares. Based on an average trading volume of 4,728 shares, the days-to-cover ratio is currently 146.0 days.

Regis Resources Stock Performance

Shares of OTCMKTS:RGRNF remained flat at $4.59 during trading on Thursday. The stock had a trading volume of 1,290 shares, compared to its average volume of 3,340. The stock has a 50 day simple moving average of $4.46 and a two-hundred day simple moving average of $5.02. Regis Resources has a 52 week low of $2.34 and a 52 week high of $7.20.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group set a $7.10 price target on Regis Resources in a research report on Monday, July 20th.

Regis Resources Company Profile

Regis Resources Limited (OTCMKTS:RGRNF) is an Australian-based gold producer focused on the exploration, development and mining of gold deposits. The company’s principal asset is the Duketon Gold Project, located in the Leonora region of Western Australia, where it operates a number of open-pit and underground gold mines. Regis generates revenue through the production and sale of gold doré bars to regional and global refineries.

The Duketon Gold Project comprises several mining operations, including Garden Well, Rosemont and Moolart Well, all supported by an on-site processing plant and associated infrastructure.