Dye & Durham Limited (OTCMKTS:DYNDF) Sees Large Decrease in Short Interest

a decline of 43.2% from the March 30th total of 795,700 shares. Based on an average daily volume of 140,000 shares, the days-to-cover ratio is presently 3.2 days. Dye & Durham's stock dropped after a large decline in short interest.

( ) saw a significant decline in short interest for the month of the April. On April 30, there were 453,500 short shares, which is a decrease of 21,9% compared to the total of 581,000 on April 15. The days-to-cover is currently 4,535.0 days based on an average volume of 100 share.

Wall Street analysts weigh in

Several analysts recently weighed-in on DYNDF's shares. In a Thursday research report, Raymond James lowered its price target for shares of Dye & Durham from C$23.00 to C$23.00. The price remained unchanged at $13.12 on Monday during the trading hours. The company has a 50-day simple moving mean of $12.62, and a 200-day simple moving median of $12.54. Dye & Durham's 1 year low is $8.65, and its 1 year high is $18.63.

Dye & Durham Company profile

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Dye & Durham Limited provides cloud-based technology and software solutions to legal firms, financial institutions and government agencies in Canada, Australia and Ireland. It provides real estate and legal practices management software that allows customers to complete transactions securely and reliably.

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