Short Interest in Gulf Resources, Inc. (NASDAQ:GURE) Rises By 723.1%

Gulf Resources, Inc. (NASDAQ:GURE) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 4,659 shares, a growth of 723.1% from the July 30th total of 566 shares. Based on an average daily volume of 14,587 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Gulf Resources from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Gulf Resources presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Gulf Resources

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC lifted its holdings in Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,944 shares of the specialty chemicals company’s stock after buying an additional 28,020 shares during the quarter. Citadel Advisors LLC owned approximately 8.46% of Gulf Resources worth $59,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.28% of the company’s stock.

Gulf Resources Stock Performance

Shares of GURE stock opened at $3.39 on Wednesday. The firm has a market capitalization of $6.14 million, a price-to-earnings ratio of -0.11 and a beta of -0.10. The stock has a fifty day moving average of $3.44 and a 200 day moving average of $4.33. Gulf Resources has a 52 week low of $2.04 and a 52 week high of $11.83. The company has a quick ratio of 2.91, a current ratio of 2.98 and a debt-to-equity ratio of 0.07.

Gulf Resources Company Profile

Gulf Resources, Inc (NASDAQ: GURE) is an industrial mineral exploration and development company focused on phosphate rock and related product development. The company’s primary objective is to advance mineral projects that supply phosphate-based raw materials for agricultural and industrial applications, including production of fertilizers, animal feed supplements and specialty chemical precursors.

Gulf Resources’ flagship asset is its Hamilton County phosphate project in north central Florida, where it holds extensive mineral leases covering phosphate-bearing formations.