Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Up 14.6% in December

by · The Cerbat Gem

Gulf Resources, Inc. (NASDAQ:GURE – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 42,300 shares, a growth of 14.6% from the November 30th total of 36,900 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 78,400 shares, the days-to-cover ratio is currently 0.5 days.

Gulf Resources Price Performance

Shares of GURE stock traded up $0.02 during mid-day trading on Wednesday, reaching $0.57. The stock had a trading volume of 53,682 shares, compared to its average volume of 55,165. The company has a market cap of $6.09 million, a P/E ratio of -0.06 and a beta of 0.18. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Gulf Resources has a 12-month low of $0.50 and a 12-month high of $1.79. The business has a 50-day simple moving average of $0.62 and a 200 day simple moving average of $0.90.

Gulf Resources (NASDAQ:GURE – Get Free Report) last posted its earnings results on Friday, October 11th. The specialty chemicals company reported ($3.09) earnings per share for the quarter. Gulf Resources had a negative net margin of 776.15% and a negative return on equity of 53.74%. The business had revenue of $2.38 million for the quarter.

About Gulf Resources

(Get Free Report)

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People’s Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

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