Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Update

Gulf Resources, Inc. (NASDAQ:GURE) was the recipient 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. Based on an average trading volume of 95,000 shares, the short-interest ratio is presently 1.1 days. Currently, 1.4% of the company’s shares are short sold.

Gulf Resources Trading Up 6.1 %

GURE traded up $0.04 on Thursday, hitting $0.69. The company had a trading volume of 925 shares, compared to its average volume of 109,519. The business’s fifty day simple moving average is $0.70 and its 200 day simple moving average is $0.74. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.01. Gulf Resources has a 12-month low of $0.50 and a 12-month high of $1.79. The company has a market cap of $7.43 million, a PE ratio of -0.07 and a beta of 0.36.

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.