Short Interest in Paladin Energy Ltd (OTCMKTS:PALAF) Expands By 25.7%

Paladin Energy Ltd (OTCMKTS:PALAF - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 15,579,800 shares, an increase of 25.7% from the December 31st total of 12,391,000 shares. Based on an average trading volume of 532,700 shares, the short-interest ratio is presently 29.2 days.

Analysts Set New Price Targets

Separately, UBS Group lowered Paladin Energy from a "strong-buy" rating to a "hold" rating in a research note on Saturday, January 25th.

Paladin Energy Trading Up 5.9 %

Shares of OTCMKTS:PALAF traded up $0.31 during trading hours on Wednesday, hitting $5.56. The company's stock had a trading volume of 87,594 shares, compared to its average volume of 111,955. The firm's fifty day moving average price is $5.07 and its 200 day moving average price is $6.24. The company has a current ratio of 4.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. Paladin Energy has a 52 week low of $4.27 and a 52 week high of $14.48.

Paladin Energy Company Profile

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.