Gulf Resources, Inc. (NASDAQ:GURE) Sees Significant Drop in Short Interest

Gulf Resources, Inc. (NASDAQ:GURE) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 5,000 shares, a drop of 33.3% from the May 30th total of 7,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 0.2 days.

GURE traded up $0.03 during trading on Friday, reaching $0.95. 607 shares of the company’s stock were exchanged, compared to its average volume of 16,225. Gulf Resources has a 1 year low of $0.65 and a 1 year high of $1.48. 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 stock has a fifty day moving average of $1.02.

Gulf Resources (NASDAQ:GURE) last issued its quarterly earnings data on Monday, May 13th. The specialty chemicals company reported ($0.10) EPS for the quarter. The firm had revenue of $0.04 million for the quarter.

About Gulf Resources

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.

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