Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Up 16.3% in February

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 106,400 shares, an increase of 16.3% from the February 13th total of 91,500 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 95,000 shares, the short-interest ratio is presently 1.1 days.

Gulf Resources Stock Down 5.1 %

Shares of NASDAQ:GURE traded down $0.04 during trading on Wednesday, hitting $0.65. The company’s stock had a trading volume of 55,723 shares, compared to its average volume of 111,612. The business has a 50 day moving average price of $0.70 and a two-hundred day moving average price of $0.74. The company has a market capitalization of $7.00 million, a PE ratio of -0.07 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.11. Gulf Resources has a fifty-two week low of $0.50 and a fifty-two week high of $1.79.

About Gulf Resources

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.