Danakali Limited (OTCMKTS:SBMSF) Sees Large Decrease in Short Interest

Danakali Limited (OTCMKTS:SBMSF) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 87,400 shares, a decline of 16.0% from the November 30th total of 104,000 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is presently 6.5 days.

Danakali Trading Up 7.7 %

SBMSF stock traded up $0.01 during mid-day trading on Friday, reaching $0.14. 13,200 shares of the stock traded hands, compared to its average volume of 97,373. Danakali has a one year low of $0.04 and a one year high of $0.27. The business has a 50-day moving average price of $0.16 and a two-hundred day moving average price of $0.17.

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.