A Reversal for PALADIN ENERGY LTD ORDINARY SHARES (OTCMKTS:PALAF) Is Not Near. The Stock Has Rise in Shorts

August 9, 2018 - By Matthew Richard

The stock of PALADIN ENERGY LTD ORDINARY SHARES (OTCMKTS:PALAF) registered an increase of 426.67% in short interest. PALAF’s total short interest was 23,700 shares in August as published by FINRA. Its up 426.67% from 4,500 shares, reported previously. With 171,600 shares average volume, it will take short sellers 0 days to cover their PALAF’s short positions.

It closed at $0.13 lastly. It is down 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

Paladin Energy Ltd develops and operates uranium mines in Australia and Africa. The company has market cap of $262.23 million. The firm operates through Exploration, Namibia, and Malawi divisions. It currently has negative earnings. The Company’s flagship projects include the Langer Heinrich mine located in the Namib Naukluft Desert in Namibia; and Kayelekera Mine located in Malawi.

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