Dorchester Minerals LP’s recently made public that its Entity Under Common Control DORCHESTER MINERALS OPERATING acquired Company’s shares for reported $93460.0 on Jul 19 ’24. In the deal valued at $32.23 per share,2,900 shares were bought. As a result of this transaction, DORCHESTER MINERALS OPERATING now holds 66,352 shares worth roughly $2.02 million.
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Then, DORCHESTER MINERALS OPERATING bought 3,000 shares, generating $96,970 in total proceeds. Upon buying the shares at $32.32, the Entity Under Common Control now owns 61,574 shares.
Before that, DORCHESTER MINERALS OPERATING bought 1,878 shares. Dorchester Minerals LP shares valued at $61,035 were divested by the Entity Under Common Control at a price of $32.50 per share. As a result of the transaction, DORCHESTER MINERALS OPERATING now holds 63,452 shares, worth roughly $1.94 million.
Price Performance Review of DMLP
On Tuesday, Dorchester Minerals LP [NASDAQ:DMLP] saw its stock fall -2.84% to $30.50. Over the last five days, the stock has lost -0.59%. Dorchester Minerals LP shares have fallen nearly -4.18% since the year began. Nevertheless, the stocks have risen 3.04% over the past one year. While a 52-week high of $35.74 was reached on 04/03/24, a 52-week low of $27.16 was recorded on 08/05/24. SMA at 50 days reached $31.03, while 200 days put it at $31.39.
Levels Of Support And Resistance For DMLP Stock
The 24-hour chart illustrates a support level at 29.87, which if violated will result in even more drops to 29.24. On the upside, there is a resistance level at 31.32. A further resistance level may holdings at 32.14. The Relative Strength Index (RSI) on the 14-day chart is 46.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.67%. Stochastics%K at 80.81% indicates the stock is a selling.
How much short interest is there in Dorchester Minerals LP?
A steep rise in short interest was recorded in Dorchester Minerals LP stocks on 2024-07-31, growing by 7346.0 shares to a total of 0.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.42 million shares. There was a rise of 1.73%, which implies that there is a positive sentiment for the stock.
