Danakali Limited (OTCMKTS:SBMSF) Sees Significant Drop in Short Interest

Danakali Limited (OTCMKTS:SBMSF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 87,400 shares, a decrease of 16.0% from the November 30th total of 104,000 shares. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is currently 6.5 days.

Danakali Stock Up 7.1 %

Shares of OTCMKTS:SBMSF traded up $0.02 during mid-day trading on Tuesday, hitting $0.15. 24,932 shares of the company traded hands, compared to its average volume of 96,862. The stock has a 50-day moving average price of $0.16 and a two-hundred day moving average price of $0.17. Danakali has a 12-month low of $0.04 and a 12-month high of $0.26.

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.