Danakali Limited (OTCMKTS:SBMSF) Short Interest Update

Danakali Limited (OTCMKTS:SBMSF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 225,200 shares, an increase of 164.6% from the February 28th total of 85,100 shares. Based on an average trading volume of 83,700 shares, the short-interest ratio is presently 2.7 days.

Danakali Price Performance

Shares of Danakali stock remained flat at $0.11 on Friday. Danakali has a 1 year low of $0.04 and a 1 year high of $0.23. The company’s 50-day simple moving average is $0.12 and its 200-day simple moving average is $0.15.

Danakali Company Profile

Danakali Limited, together with its subsidiaries, operates as an exploration and development company in Australia and Africa. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. The company was incorporated in 2001 and is headquartered in North Perth, Australia.