Short Interest in Silver Bull Resources, Inc. (OTCMKTS:SVBL) Grows By 489.6%

Silver Bull Resources, Inc. (OTCMKTS:SVBL) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 65,422 shares, a growth of 489.6% from the May 31st total of 11,096 shares. Based on an average trading volume of 448,238 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Silver Bull Resources Stock Performance

Shares of OTCMKTS:SVBL traded up $0.00 during trading hours on Friday, hitting $0.10. 86,141 shares of the company’s stock traded hands, compared to its average volume of 173,548. The company’s fifty day simple moving average is $0.29 and its two-hundred day simple moving average is $0.25. The company has a market cap of $4.51 million, a price-to-earnings ratio of -0.33 and a beta of 1.78. Silver Bull Resources has a 52 week low of $0.05 and a 52 week high of $0.61.

Silver Bull Resources Company Profile

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.