Danakali Limited (OTCMKTS:SBMSF) Short Interest Up 40.3% in April

Danakali Limited (OTCMKTS:SBMSFGet Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 69,300 shares, a growth of 40.3% from the April 15th total of 49,400 shares. Based on an average trading volume of 62,100 shares, the short-interest ratio is currently 1.1 days.

Danakali Price Performance

OTCMKTS:SBMSF remained flat at $0.20 during mid-day trading on Tuesday. Danakali has a 52-week low of $0.04 and a 52-week high of $0.55. The stock has a fifty day simple moving average of $0.21 and a two-hundred day simple moving average of $0.18.

About Danakali

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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.

Further Reading

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