Short Interest in Danakali Limited (OTCMKTS:SBMSF) Rises By 164.6%

Danakali Limited (OTCMKTS:SBMSF) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 225,200 shares, a growth of 164.6% from the February 28th total of 85,100 shares. Based on an average daily trading volume, of 83,700 shares, the days-to-cover ratio is presently 2.7 days.

Danakali Stock Performance

OTCMKTS SBMSF remained flat at $0.11 during trading hours on Thursday. The stock’s 50 day moving average is $0.12 and its two-hundred day moving average is $0.15. Danakali has a one year low of $0.04 and a one year high of $0.23.

About Danakali

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.