Gulf Resources, Inc. (NASDAQ:GURE) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 7,500 shares, an increase of 11.9% from the May 15th total of 6,700 shares. Based on an average daily volume of 31,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Shares of NASDAQ GURE remained flat at $$0.93 during midday trading on Friday. 5,640 shares of the company were exchanged, compared to its average volume of 17,794. The company has a current ratio of 34.88, a quick ratio of 34.88 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $0.99. Gulf Resources has a fifty-two week low of $0.65 and a fifty-two week high of $1.48.
Gulf Resources (NASDAQ:GURE) last issued its quarterly earnings results on Monday, May 13th. The specialty chemicals company reported ($0.10) EPS for the quarter. The business had revenue of $0.04 million for the quarter.
Gulf Resources, Inc, through its subsidiaries, manufactures and trades in bromine, crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.
Further Reading: Oversold
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