Short Interest in Danakali Limited (OTCMKTS:SBMSF) Decreases By 15.1%

Danakali Limited (OTCMKTS:SBMSF) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 74,200 shares, a decline of 15.1% from the December 15th total of 87,400 shares. Based on an average daily trading volume, of 37,800 shares, the short-interest ratio is presently 2.0 days.

Danakali Stock Performance

Shares of SBMSF stock traded down $0.06 during midday trading on Friday, hitting $0.11. 17,800 shares of the company were exchanged, compared to its average volume of 21,225. The firm’s 50 day moving average price is $0.15 and its two-hundred day moving average price is $0.17. Danakali has a 52 week low of $0.05 and a 52 week high of $0.24.

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.