Danakali Limited (OTCMKTS:SBMSF) Short Interest Up 18.2% in November

Danakali Limited (OTCMKTS:SBMSF) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 104,000 shares, a growth of 18.2% from the November 15th total of 88,000 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 17.9 days.

Danakali Stock Performance

Shares of Danakali stock traded down $0.01 on Friday, reaching $0.16. 3,000 shares of the stock were exchanged, compared to its average volume of 100,501. The firm’s 50 day moving average is $0.17 and its 200-day moving average is $0.17. Danakali has a one year low of $0.04 and a one year high of $0.35.

Danakali Company Profile

Danakali Limited, together with its subsidiaries, operates as an exploration and development company in Australia and Africa. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. The company was incorporated in 2001 and is headquartered in North Perth, Australia.