SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Sees Large Growth in Short Interest

SouthGobi Resources Ltd. (OTCMKTS:SGQRF) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 51,100 shares, an increase of 546.8% from the February 13th total of 7,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

SouthGobi Resources Price Performance

Shares of OTCMKTS SGQRF remained flat at $0.30 during trading hours on Thursday. The company has a market cap of $88.88 million, a price-to-earnings ratio of 2.14 and a beta of 57.63. The firm’s 50-day moving average is $0.30 and its 200-day moving average is $0.30. SouthGobi Resources has a 12 month low of $0.00 and a 12 month high of $0.48.

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.