Danakali Limited (OTCMKTS:SBMSF) Short Interest Update

Danakali Limited (OTCMKTS:SBMSF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 111,565 shares, a growth of 767.2% from the May 14th total of 12,865 shares. Based on an average daily trading volume, of 34,915 shares, the short-interest ratio is presently 3.2 days.

Danakali Stock Performance

Shares of Danakali stock remained flat at $0.06 during trading hours on Thursday. 1,234 shares of the company’s stock were exchanged, compared to its average volume of 21,449. The business has a 50 day simple moving average of $0.06 and a two-hundred day simple moving average of $0.06. Danakali has a 12-month low of $0.01 and a 12-month high of $0.08.

About Danakali

Danakali Limited (OTCMKTS: SBMSF) is an Australia-based mineral development company focused on the advancement of the Colluli Potash Project in Eritrea. The company’s core business is the development and eventual operation of what is anticipated to be one of the world’s most economical sources of Sulphate of Potash (SOP), a high‐value fertiliser widely used in precision agriculture for fruits, vegetables and specialty crops.

Danakali holds a 60% interest in the Colluli joint venture with the Eritrean National Mining Company (ENAMCO).