Short Interest in Silver Bull Resources, Inc. (OTCMKTS:SVBL) Drops By 56.3%

Silver Bull Resources, Inc. (OTCMKTS:SVBL) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 28,585 shares, a decline of 56.3% from the June 15th total of 65,422 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 120,084 shares, the days-to-cover ratio is currently 0.2 days.

Silver Bull Resources Price Performance

Silver Bull Resources stock remained flat at $0.09 during mid-day trading on Tuesday. The company’s stock had a trading volume of 1,103 shares, compared to its average volume of 45,267. The business has a fifty day moving average of $0.23 and a two-hundred day moving average of $0.24. Silver Bull Resources has a 1 year low of $0.05 and a 1 year high of $0.61. The company has a market capitalization of $4.33 million, a P/E ratio of -0.31 and a beta of 1.91.

Silver Bull Resources Company Profile

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.