Short Interest in Gulf Resources, Inc. (NASDAQ:GURE) Rises By 1,570.4%

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 45,100 shares, a growth of 1,570.4% from the June 30th total of 2,700 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 101,600 shares, the short-interest ratio is presently 0.4 days.

Gulf Resources Stock Performance

Shares of NASDAQ GURE remained flat at $1.08 during trading hours on Thursday. 4,620 shares of the company traded hands, compared to its average volume of 57,430. Gulf Resources has a 1 year low of $0.85 and a 1 year high of $2.45. The firm’s 50 day simple moving average is $1.35 and its two-hundred day simple moving average is $1.37. The firm has a market capitalization of $11.26 million, a P/E ratio of -2.16 and a beta of 0.19.

Gulf Resources Company Profile

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.