Gulf Resources, Inc. (NASDAQ:GURE) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,400 shares, a decrease of 48.9% from the August 15th total of 4,700 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is presently 0.1 days.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cable Hill Partners LLC lifted its holdings in shares of Gulf Resources by 12.2% in the second quarter. Cable Hill Partners LLC now owns 59,900 shares of the specialty chemicals company’s stock valued at $379,000 after purchasing an additional 6,500 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gulf Resources by 4.6% in the first quarter. Renaissance Technologies LLC now owns 373,200 shares of the specialty chemicals company’s stock valued at $1,623,000 after purchasing an additional 16,514 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Gulf Resources in the first quarter valued at about $92,000. 5.95% of the stock is currently owned by institutional investors.
GURE traded up $0.05 on Friday, hitting $4.70. 11,728 shares of the company were exchanged, compared to its average volume of 20,025. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.32 and a current ratio of 11.40. The business’s fifty day moving average is $4.77 and its 200 day moving average is $5.39. Gulf Resources has a fifty-two week low of $3.80 and a fifty-two week high of $7.74. The firm has a market capitalization of $49.21 million, a P/E ratio of -6.10 and a beta of 0.51.
Gulf Resources Company Profile
Gulf Resources, Inc is a holding company that engages in the manufacture of chemical products. It operates through the following segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It produces and trades bromine, crude salt and natural gas, and manufacture and sell chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, papermaking chemical agents, inorganic chemicals, and manufacturer of materials for human and animal antibiotics.
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