Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Down 33.3% in June
Gulf Resources, Inc. (NASDAQ:GURE) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 5,000 shares, a decline of 33.3% from the May 30th total of 7,500 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
Shares of GURE remained flat at $$0.93 during mid-day trading on Friday. 59,302 shares of the stock were exchanged, compared to its average volume of 32,446. The company has a current ratio of 34.88, a quick ratio of 34.88 and a debt-to-equity ratio of 0.04. Gulf Resources has a 1 year low of $0.65 and a 1 year high of $1.48. The firm’s 50 day simple moving average is $1.02.
Gulf Resources (NASDAQ:GURE) last announced its quarterly earnings data on Monday, May 13th. The specialty chemicals company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.04 million for the quarter.
Gulf Resources, Inc, through its subsidiaries, manufactures and trades in bromine, crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.
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