Regis Resources Limited (OTCMKTS:RGRNF) Short Interest Down 47.5% in July

Regis Resources Limited (OTCMKTS:RGRNF) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 690,478 shares, a decline 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 presently 146.0 days.

Regis Resources Stock Performance

Shares of RGRNF stock opened at $4.50 on Wednesday. The business’s 50 day moving average is $4.46 and its two-hundred day moving average is $5.02. Regis Resources has a 12-month low of $2.34 and a 12-month high of $7.20.

Analyst Upgrades and Downgrades

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

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.