Danakali Limited (OTCMKTS:SBMSF) Short Interest Up 3,566.7% in November

Danakali Limited (OTCMKTS:SBMSF) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 88,000 shares, a growth of 3,566.7% from the October 31st total of 2,400 shares. Based on an average daily trading volume, of 68,900 shares, the short-interest ratio is currently 1.3 days.

Danakali Stock Performance

Shares of Danakali stock remained flat at $0.16 during trading on Wednesday. The stock’s 50-day moving average is $0.17 and its 200-day moving average is $0.17. Danakali has a 52-week low of $0.04 and a 52-week high of $0.35.

About Danakali

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.