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

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 4,000 shares, a growth of 900.0% from the May 31st total of 400 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 38,400 shares, the days-to-cover ratio is presently 0.1 days.

Gulf Resources Price Performance

NASDAQ GURE opened at $1.03 on Friday. The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.41. Gulf Resources has a 12 month low of $0.85 and a 12 month high of $2.63.

Gulf Resources Company Profile

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.