Danakali Limited (OTCMKTS:SBMSF) Short Interest Down 98.8% in March

Danakali Limited (OTCMKTS:SBMSF) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,600 shares, a drop of 98.8% from the March 15th total of 225,200 shares. Based on an average trading volume of 163,200 shares, the days-to-cover ratio is presently 0.0 days.

Danakali Stock Performance

Danakali stock opened at $0.07 on Wednesday. The company’s 50-day moving average is $0.10 and its 200-day moving average is $0.14. Danakali has a fifty-two week low of $0.04 and a fifty-two week high of $0.23.

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.