Danakali Limited (OTCMKTS:SBMSF) Sees Significant Decline in Short Interest

Danakali Limited (OTCMKTS:SBMSF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 87,400 shares, a decrease of 16.0% from the November 30th total of 104,000 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 6.5 days.

Danakali Trading Up 7.7 %

SBMSF stock traded up $0.01 during trading on Friday, hitting $0.14. The company had a trading volume of 13,200 shares, compared to its average volume of 97,373. Danakali has a 52-week low of $0.04 and a 52-week high of $0.27. The company has a 50 day simple moving average of $0.16 and a 200-day simple moving average of $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.