Short Interest in Gulf Resources, Inc. (NASDAQ:GURE) Rises By 900.0%

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,000 shares, an increase of 900.0% from the May 31st total of 400 shares. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Gulf Resources Stock Up 1.0 %

Gulf Resources stock traded up $0.01 during mid-day trading on Friday, hitting $1.04. 7,377 shares of the stock were exchanged, compared to its average volume of 29,679. Gulf Resources has a 12 month low of $0.85 and a 12 month high of $2.63. The firm’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $1.41.

Gulf Resources Company Profile

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People's Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.