Short Interest in Gulf Resources, Inc. (NASDAQ:GURE) Rises By 14.6%

Gulf Resources, Inc. (NASDAQ:GURE) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 42,300 shares, a growth of 14.6% from the November 30th total of 36,900 shares. Based on an average daily volume of 78,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the shares of the company are short sold.

Gulf Resources Stock Performance

Shares of Gulf Resources stock traded up $0.01 on Monday, reaching $0.55. 50,107 shares of the company were exchanged, compared to its average volume of 55,171. Gulf Resources has a 1-year low of $0.50 and a 1-year high of $1.79. The firm has a market cap of $5.89 million, a price-to-earnings ratio of -0.06 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.11. The company’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.91.

Gulf Resources (NASDAQ:GURE) last issued its earnings results on Friday, October 11th. The specialty chemicals company reported ($3.09) earnings per share for the quarter. Gulf Resources had a negative return on equity of 53.74% and a negative net margin of 776.15%. The company had revenue of $2.38 million during the quarter.

Gulf Resources Company Profile

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People’s Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.