Danakali Limited (OTCMKTS:SBMSF) Short Interest Update

Danakali Limited (OTCMKTS:SBMSF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 88,000 shares, an increase of 3,566.7% from the October 31st total of 2,400 shares. Based on an average daily volume of 68,900 shares, the short-interest ratio is presently 1.3 days.

Danakali Price Performance

Shares of Danakali stock remained flat at $0.16 during midday trading on Wednesday. Danakali has a 12 month low of $0.04 and a 12 month high of $0.35. The company has a 50 day moving average of $0.17 and a 200 day moving average of $0.17.

Danakali Company Profile

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.