(NYSE:DDC) shares saw light trading volume with 59K shares changing hands on Tuesday. Volume was down 90.08% under the stocks average daily volume.
Traders are a little more bullish on shares of the company if you pay attention to the fall in short interest. The stock experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -0.61%. Short interest decreased 39,091 over that period. With short interest at 6,332,752 and short average daily volume at 666,680, the short-interest ratio is 9.0 and the percentage of shorted shares was 0.08% on October 13.
These firms have modified their investment in DDC. FOX RUN Management, L.l.c. divested its ownership by selling 1,000 shares a decrease of 4.5% in the quarter. FOX RUN Management, L.l.c. now controls 21,400 shares with a value of $303,000. The value of the position overall is up by 7.8%. As of the end of the quarter Aperio Group, LLC had acquired 166 shares growing its position 0.8%. The value of the company’s investment in Dominion Diamond Corporation increased from $258,000 to $294,000 a change of $36,000 quarter over quarter.
Intact Investment Management Inc. cut its holdings by shedding 646,700 shares a decrease of 79.0%. Intact Investment Management Inc. claims 171,546 shares worth $3,030,000. The total value of its holdings decreased 77.1%. Simplex Trading, LLC added to its position by buying 3,537 shares an increase of 142.8% as of 09/30/2017. Simplex Trading, LLC controls 6,014 shares valued at $85,000. The value of the position overall is up by 174.2%.
On July 19, 2017 the stock rating was rated “Neutral” in a report from Citigroup down from the previous “Buy” rating.
The company is so far trading unchanged by 0.00% percent from yesterday’s close. Shares last traded at $14.25 which is just a bit higher than $14.19, the 50 day moving average and which is marginally over the 200 day moving average of $13.49. The 50 day moving average went up by +0.46% and the 200 day average was up $0.76.
Dominion Diamond Corporation currently has a P/E ratio of 20.53 and the market cap is 1.17B. As of the latest earnings report the EPS was $0.69 and is estimated to be $1.12 for the current year with 81,913,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.25 with next year’s EPS projected to be $1.07.
Dominion Diamond Corporation engages in the mining and marketing of rough diamonds. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments. The company holds an 88.9% ownership interest in the Ekati group of mineral claims, as well as a 65.3% ownership interest in other reserves; and a 40% ownership interest in the Diavik group of mineral claims located at Lac de Gras in Northwest Territories, Canada. It produces, sorts, and sells rough diamonds in North America, Europe, and India. The company was formerly known as Harry Winston Diamond Corporation and changed its name to Dominion Diamond Corporation in March 2013. Dominion Diamond Corporation was founded in 1980 and is headquartered in Yellowknife, Canada..Advertisement