Short Interest in Regis Resources Limited (OTCMKTS:RGRNF) Decreases By 47.5%

Regis Resources Limited (OTCMKTS:RGRNF) was the recipient of 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 daily volume of 4,728 shares, the days-to-cover ratio is currently 146.0 days.

Wall Street Analyst Weigh In

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

Regis Resources Price Performance

RGRNF stock remained flat at $4.59 during midday trading on Friday. The company’s stock had a trading volume of 1,290 shares, compared to its average volume of 3,340. The stock’s fifty day moving average price is $4.46 and its 200 day moving average price is $5.01. Regis Resources has a 12 month low of $2.34 and a 12 month high of $7.20.

About Regis Resources

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.