Danakali Limited (OTCMKTS:SBMSF) Short Interest Down 15.1% in December

Danakali Limited (OTCMKTS:SBMSF) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 74,200 shares, a decline of 15.1% from the December 15th total of 87,400 shares. Based on an average trading volume of 37,800 shares, the days-to-cover ratio is currently 2.0 days.

Danakali Trading Up 10.0 %

Shares of OTCMKTS:SBMSF traded up $0.02 during trading hours on Thursday, reaching $0.17. The stock had a trading volume of 6,000 shares, compared to its average volume of 21,714. Danakali has a 1 year low of $0.05 and a 1 year high of $0.24. The firm’s 50 day moving average is $0.15 and its 200-day moving average is $0.17.

About Danakali

Danakali Limited, together with its subsidiaries, operates as an exploration and development company in Australia and Africa. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. The company was incorporated in 2001 and is headquartered in North Perth, Australia.