Short Interest in Silver Bull Resources, Inc. (OTCMKTS:SVBL) Drops By 56.3%

Silver Bull Resources, Inc. (OTCMKTS:SVBL) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 28,585 shares, a drop of 56.3% from the June 15th total of 65,422 shares. Based on an average trading volume of 120,084 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Silver Bull Resources Stock Performance

Shares of OTCMKTS SVBL remained flat at $0.09 during trading hours on Tuesday. The company had a trading volume of 1,103 shares, compared to its average volume of 45,267. The stock has a fifty day moving average price of $0.23 and a two-hundred day moving average price of $0.24. The company has a market capitalization of $4.33 million, a P/E ratio of -0.31 and a beta of 1.91. Silver Bull Resources has a twelve month low of $0.05 and a twelve month high of $0.61.

About Silver Bull Resources

Silver Bull Resources Inc is a mineral exploration and development company focused on silver and associated base metals. The company’s core asset is the Sierra Mojada project, an advanced?stage silver–lead–zinc deposit located in Coahuila State, Mexico. Sierra Mojada hosts both high?grade massive sulphide zones and broader, lower?grade mineralization, making it one of the largest undeveloped silver resources in North America.

At Sierra Mojada, Silver Bull has completed extensive drilling programs and preliminary economic studies under Canadian National Instrument 43-101 standards.