Regis Resources Limited (OTCMKTS:RGRNF) Sees Large Decrease in Short Interest

Regis Resources Limited (OTCMKTS:RGRNF) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 834,826 shares, a decline of 38.0% from the December 31st total of 1,346,586 shares. Based on an average daily volume of 1,939 shares, the days-to-cover ratio is currently 430.5 days. Based on an average daily volume of 1,939 shares, the days-to-cover ratio is currently 430.5 days.

Regis Resources Stock Down 8.3%

Shares of RGRNF stock opened at $5.50 on Friday. Regis Resources has a 1-year low of $1.74 and a 1-year high of $6.00. The company has a 50-day moving average of $4.88 and a two-hundred day moving average of $3.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group set a $6.50 price target on shares of Regis Resources in a research report on Sunday, October 12th.

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.