DRDGOLD Limited (NYSE:DRD) Short Interest Down 7.3% in January

DRDGOLD Limited (NYSE:DRD - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,650,000 shares, a decline of 7.3% from the January 15th total of 1,780,000 shares. Based on an average trading volume of 237,000 shares, the short-interest ratio is presently 7.0 days.

Hedge Funds Weigh In On DRDGOLD

Several institutional investors have recently made changes to their positions in the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of DRDGOLD during the 4th quarter valued at approximately $276,000. Public Employees Retirement System of Ohio increased its holdings in DRDGOLD by 26.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 56,592 shares of the basic materials company's stock worth $488,000 after acquiring an additional 11,921 shares in the last quarter. GTS Securities LLC purchased a new stake in DRDGOLD in the 4th quarter worth $170,000. Squarepoint Ops LLC purchased a new stake in DRDGOLD in the 4th quarter worth $110,000. Finally, Millennium Management LLC increased its holdings in DRDGOLD by 61.7% in the 4th quarter. Millennium Management LLC now owns 53,669 shares of the basic materials company's stock worth $463,000 after acquiring an additional 20,475 shares in the last quarter. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Price Performance

Shares of NYSE:DRD traded down $0.60 during trading on Friday, hitting $11.05. 498,974 shares of the stock traded hands, compared to its average volume of 257,985. The company has a fifty day moving average price of $9.66 and a two-hundred day moving average price of $9.76. DRDGOLD has a 52-week low of $6.48 and a 52-week high of $12.70.

Analyst Ratings Changes

DRD has been the subject of several research reports. HC Wainwright decreased their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com raised shares of DRDGOLD from a "hold" rating to a "buy" rating in a report on Wednesday.

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.