Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Update

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

Gulf Resources Trading Up 3.4 %

Gulf Resources stock traded up $0.02 during trading on Wednesday, reaching $0.57. 53,682 shares of the company were exchanged, compared to its average volume of 55,165. The stock’s 50 day simple moving average is $0.62 and its two-hundred day simple moving average is $0.90. The company has a market capitalization of $6.09 million, a P/E ratio of -0.06 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.08. Gulf Resources has a 52-week low of $0.50 and a 52-week high of $1.79.

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

About Gulf Resources

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.