Short Interest in Danakali Limited (OTCMKTS:SBMSF) Decreases By 98.8%

Danakali Limited (OTCMKTS:SBMSF) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,600 shares, a decrease of 98.8% from the March 15th total of 225,200 shares. Based on an average daily trading volume, of 163,200 shares, the short-interest ratio is presently 0.0 days.

Danakali Trading Up 55.6 %

Shares of OTCMKTS SBMSF traded up $0.03 during mid-day trading on Monday, hitting $0.08. The company had a trading volume of 70,000 shares, compared to its average volume of 64,136. The firm’s 50 day simple moving average is $0.10 and its two-hundred day simple moving average is $0.14. Danakali has a 12 month low of $0.04 and a 12 month high of $0.23.

About Danakali

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.