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

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

Gulf Resources Price Performance

Shares of GURE stock opened at $1.03 on Friday. The business’s fifty day moving average is $1.47 and its 200 day moving average is $1.41. Gulf Resources has a twelve month low of $0.85 and a twelve month high of $2.63.

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.