Gulf Resources, Inc. (NASDAQ:GURE – Get Free Report) 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
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