DynaResource, Inc. (OTCMKTS:DYNR) Sees Significant Growth in Short Interest

DynaResource, Inc. (OTCMKTS:DYNR) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 858 shares, an increase of 190.8% from the September 30th total of 295 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.6 days.

DynaResource Trading Down 16.4%

Shares of DYNR traded down $0.09 during mid-day trading on Thursday, reaching $0.46. The company had a trading volume of 3,800 shares, compared to its average volume of 11,002. The company’s 50 day simple moving average is $0.76 and its 200 day simple moving average is $0.98. DynaResource has a 1-year low of $0.29 and a 1-year high of $1.55.

DynaResource Company Profile

DynaResource, Inc is a mineral exploration and development company focused primarily on gold. Through its Mexican subsidiary, the company holds interests in the San José de Gracia gold project in the Mexican state of Sinaloa.

San José de Gracia is a historic high-grade gold district with underground workings and identified mineralized structures. DynaResource’s activities have included exploration, geological evaluation, mine development, and efforts to advance the project toward commercial gold production.

The company’s operations and assets are concentrated in Mexico, while its corporate securities trade in the United States.