Silver Bull Resources, Inc. (OTCMKTS:SVBL) Sees Significant Growth in Short Interest

Silver Bull Resources, Inc. (OTCMKTS:SVBL) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 4,100 shares, an increase of 57.7% from the September 30th total of 2,600 shares. Based on an average daily volume of 179,100 shares, the short-interest ratio is currently 0.0 days.

Silver Bull Resources Stock Performance

OTCMKTS SVBL remained flat at $0.09 during midday trading on Tuesday. The company’s stock had a trading volume of 11,625 shares, compared to its average volume of 21,120. Silver Bull Resources has a 1-year low of $0.07 and a 1-year high of $0.14. The firm has a 50 day simple moving average of $0.10 and a 200-day simple moving average of $0.10. The stock has a market capitalization of $3.28 million, a P/E ratio of -9.20 and a beta of 0.74.

About Silver Bull Resources

Silver Bull Resources, Inc, an exploration stage company, acquires, explores, and develops mineral properties in Mexico, Kazakhstan, and Canada. The company primarily explores for silver, lead, copper, and zinc deposits, as well as gold. Its principal project is the Sierra Mojada property comprising 20 concessions covering an area of 6,496 hectares located in Coahuila, Mexico.