Short Interest in Gulf Resources, Inc. (NASDAQ:GURE) Expands By 16.3%

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 106,400 shares, an increase of 16.3% from the February 13th total of 91,500 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 95,000 shares, the days-to-cover ratio is presently 1.1 days.

Gulf Resources Stock Performance

GURE opened at $0.74 on Friday. The firm has a market cap of $7.94 million, a PE ratio of -0.08 and a beta of 0.36. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.74. Gulf Resources has a fifty-two week low of $0.50 and a fifty-two week high of $1.79.

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.