Gulf Resources, Inc. (NASDAQ:GURE) Sees Large Decline in Short Interest

Gulf Resources, Inc. (NASDAQ:GURE) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 5,000 shares, a decrease of 33.3% from the May 30th total of 7,500 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Gulf Resources stock traded up $0.03 during trading hours on Friday, hitting $0.95. The stock had a trading volume of 607 shares, compared to its average volume of 16,225. The company has a debt-to-equity ratio of 0.04, a quick ratio of 34.88 and a current ratio of 34.88. Gulf Resources has a 1-year low of $0.65 and a 1-year high of $1.48. The firm has a fifty day simple moving average of $1.02.

Gulf Resources (NASDAQ:GURE) last posted its quarterly earnings data on Monday, May 13th. The specialty chemicals company reported ($0.10) EPS for the quarter. The company had revenue of $0.04 million during the quarter.

Gulf Resources Company Profile

Gulf Resources, Inc, through its subsidiaries, manufactures and trades in bromine, crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

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