Danakali Limited (OTCMKTS:SBMSF) Sees Significant Decrease in Short Interest

Danakali Limited (OTCMKTS:SBMSF) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 87,400 shares, a decrease of 16.0% from the November 30th total of 104,000 shares. Based on an average trading volume of 13,400 shares, the days-to-cover ratio is currently 6.5 days.

Danakali Stock Up 7.7 %

SBMSF stock traded up $0.01 during midday trading on Monday, hitting $0.14. The company’s stock had a trading volume of 13,200 shares, compared to its average volume of 97,373. The company’s fifty day moving average price is $0.16 and its 200 day moving average price is $0.17. Danakali has a twelve month low of $0.04 and a twelve month high of $0.27.

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.