Short Interest in Paladin Energy Ltd (OTCMKTS:PALAF) Increases By 33.8%

Paladin Energy Ltd (OTCMKTS:PALAF - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 31,267,100 shares, an increase of 33.8% from the February 29th total of 23,375,100 shares. Based on an average daily trading volume, of 847,400 shares, the short-interest ratio is currently 36.9 days.

Paladin Energy Price Performance

PALAF traded up $0.01 on Friday, reaching $0.92. The company had a trading volume of 440,391 shares, compared to its average volume of 854,390. The business has a 50 day simple moving average of $0.83 and a 200 day simple moving average of $0.72. Paladin Energy has a 52-week low of $0.32 and a 52-week high of $0.98. The company has a current ratio of 15.52, a quick ratio of 14.93 and a debt-to-equity ratio of 0.27.

Paladin Energy shares are set to reverse split before the market opens on Thursday, April 11th. The 1-10 reverse split was announced on Thursday, April 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, April 11th.

About Paladin Energy

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.