Short Interest in Silver Bull Resources, Inc. (OTCMKTS:SVBL) Grows By 349.1%

Silver Bull Resources, Inc. (OTCMKTS:SVBL) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 32,526 shares, an increase of 349.1% from the January 15th total of 7,242 shares. Based on an average trading volume of 142,874 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 142,874 shares, the days-to-cover ratio is presently 0.2 days.

Silver Bull Resources Price Performance

SVBL stock opened at $0.21 on Thursday. The stock has a market capitalization of $9.95 million, a PE ratio of -0.78 and a beta of 0.99. Silver Bull Resources has a 52 week low of $0.09 and a 52 week high of $0.29. The firm has a 50 day moving average of $0.23 and a 200 day moving average of $0.23.

Silver Bull Resources (OTCMKTS:SVBL) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter.

About Silver Bull Resources

Silver Bull Resources Inc is a mineral exploration and development company focused on silver and associated base metals. The company’s core asset is the Sierra Mojada project, an advanced‐stage silver–lead–zinc deposit located in Coahuila State, Mexico. Sierra Mojada hosts both high‐grade massive sulphide zones and broader, lower‐grade mineralization, making it one of the largest undeveloped silver resources in North America.

At Sierra Mojada, Silver Bull has completed extensive drilling programs and preliminary economic studies under Canadian National Instrument 43-101 standards.