Silver Bull Resources, Inc. (OTCMKTS:SVBL) Sees Significant Growth in Short Interest

Silver Bull Resources, Inc. (OTCMKTS:SVBL) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 32,526 shares, a growth of 349.1% from the January 15th total of 7,242 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 142,874 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 142,874 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Silver Bull Resources Price Performance

Shares of Silver Bull Resources stock opened at $0.21 on Wednesday. The stock has a market cap of $9.95 million, a price-to-earnings ratio of -0.78 and a beta of 0.99. The firm’s 50-day moving average is $0.24 and its two-hundred day moving average is $0.23. Silver Bull Resources has a 1 year low of $0.09 and a 1 year high of $0.29.

Silver Bull Resources (OTCMKTS:SVBL) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported ($0.26) EPS for the quarter.

About Silver Bull Resources

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.