Silver Bull Resources, Inc. (OTCMKTS:SVBL) Short Interest Up 88.9% in August

Silver Bull Resources, Inc. (OTCMKTS:SVBL) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 88,456 shares, an increase of 88.9% from the August 15th total of 46,820 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,201 shares, the short-interest ratio is currently 1.2 days.

Silver Bull Resources Stock Down 10.8%

Shares of OTCMKTS:SVBL opened at $0.09 on Friday. Silver Bull Resources has a 12 month low of $0.05 and a 12 month high of $0.61. The company’s 50-day moving average price is $0.11 and its two-hundred day moving average price is $0.20. The firm has a market cap of $4.42 million, a P/E ratio of -0.33 and a beta of 1.92.

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.