Short Interest in SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Increases By 144.4%

SouthGobi Resources Ltd. (OTCMKTS:SGQRF) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 8,800 shares, an increase of 144.4% from the June 30th total of 3,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 88.0 days.

SouthGobi Resources Price Performance

Shares of SGQRF stock remained flat at $0.34 during trading hours on Friday. SouthGobi Resources has a 52 week low of $0.00 and a 52 week high of $0.48. The stock has a market capitalization of $102.12 million, a price-to-earnings ratio of 34.47 and a beta of 60.08. The business’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.42.

SouthGobi Resources (OTCMKTS:SGQRF) last issued its earnings results on Tuesday, May 14th. The company reported $0.04 earnings per share (EPS) for the quarter. SouthGobi Resources had a negative return on equity of 3.36% and a net margin of 1.51%. The company had revenue of $82.17 million during the quarter.

About SouthGobi Resources

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and Hong Kong. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.