Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Update

Gulf Resources, Inc. (NASDAQ:GURE) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 42,300 shares, an increase of 14.6% from the November 30th total of 36,900 shares. Based on an average daily trading volume, of 78,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

Gulf Resources Stock Up 2.7 %

Shares of NASDAQ:GURE traded up $0.01 during midday trading on Monday, reaching $0.55. The company had a trading volume of 50,107 shares, compared to its average volume of 55,171. The stock has a market capitalization of $5.89 million, a P/E ratio of -0.06 and a beta of 0.18. The stock’s fifty day moving average price is $0.63 and its 200-day moving average price is $0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.08. Gulf Resources has a one year low of $0.50 and a one year high of $1.79.

Gulf Resources (NASDAQ:GURE) last released its earnings results on Friday, October 11th. The specialty chemicals company reported ($3.09) earnings per share for the quarter. Gulf Resources had a negative return on equity of 53.74% and a negative net margin of 776.15%. The company had revenue of $2.38 million during the quarter.

About Gulf Resources

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.