Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Update

Gulf Resources, Inc. (NASDAQ:GURE) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 566 shares, a decrease of 49.1% from the July 15th total of 1,111 shares. Based on an average daily trading volume, of 2,246 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Gulf Resources

An institutional investor recently raised its stake in Gulf Resources stock. Citadel Advisors LLC boosted its position in shares of Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,944 shares of the specialty chemicals company’s stock after purchasing an additional 28,020 shares during the quarter. Citadel Advisors LLC owned about 8.46% of Gulf Resources worth $59,000 as of its most recent filing with the Securities & Exchange Commission. 3.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Gulf Resources from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Gulf Resources currently has an average rating of “Sell”.

Gulf Resources Trading Down 15.4%

Shares of NASDAQ GURE traded down $0.55 during mid-day trading on Friday, reaching $3.01. The company had a trading volume of 7,574 shares, compared to its average volume of 8,495. The stock has a market cap of $4.64 million, a price-to-earnings ratio of -0.06 and a beta of -0.10. Gulf Resources has a 52 week low of $2.04 and a 52 week high of $11.83. The business’s 50-day moving average is $3.55 and its 200-day moving average is $4.40.

Gulf Resources Company Profile

Gulf Resources, Inc (NASDAQ: GURE) is an industrial mineral exploration and development company focused on phosphate rock and related product development. The company’s primary objective is to advance mineral projects that supply phosphate-based raw materials for agricultural and industrial applications, including production of fertilizers, animal feed supplements and specialty chemical precursors.

Gulf Resources’ flagship asset is its Hamilton County phosphate project in north central Florida, where it holds extensive mineral leases covering phosphate-bearing formations.