Short Interest in Danakali Limited (OTCMKTS:SBMSF) Increases By 18.2%

Danakali Limited (OTCMKTS:SBMSF) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 104,000 shares, a growth of 18.2% from the November 15th total of 88,000 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 17.9 days.

Danakali Stock Performance

SBMSF stock traded down $0.01 during trading on Monday, hitting $0.16. 3,000 shares of the company’s stock traded hands, compared to its average volume of 100,501. Danakali has a 1 year low of $0.04 and a 1 year high of $0.35. The business has a fifty day simple moving average of $0.17 and a two-hundred day simple moving average of $0.17.

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.