Danakali Limited (OTCMKTS:SBMSF) Sees Large Growth in Short Interest

Danakali Limited (OTCMKTS:SBMSF) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 88,000 shares, an increase of 3,566.7% from the October 31st total of 2,400 shares. Based on an average daily volume of 68,900 shares, the days-to-cover ratio is presently 1.3 days.

Danakali Stock Performance

Shares of OTCMKTS SBMSF opened at $0.16 on Thursday. Danakali has a 1 year low of $0.04 and a 1 year high of $0.35. The company’s 50-day moving average is $0.17 and its 200 day moving average is $0.17.

Danakali Company Profile

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.