Gulf Resources, Inc. (NASDAQ:GURE) Shares Shorted: Short Interest Down 59.0% in September

Gulf Resources, Inc. (NASDAQ:GURE – Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 2,052 shares, a decrease of 59.0% from the August 31st total of 5,010 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,114 shares, the short-interest ratio is currently 0.3 days.

Gulf Resources Price Performance

Shares of GURE traded up $0.03 during mid-day trading on Monday, reaching $3.29. The stock had a trading volume of 30,348 shares, compared to its average volume of 42,435. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.30 and a current ratio of 2.34. Gulf Resources has a 12 month low of $2.04 and a 12 month high of $11.83. The business has a fifty day moving average of $3.31 and a 200 day moving average of $4.05. The firm has a market cap of $5.95 million, a price-to-earnings ratio of -0.11 and a beta of -0.06.

Gulf Resources (NASDAQ:GURE – Get Free Report) last announced its earnings results on Friday, August 28th. The specialty chemicals company reported ($2.48) earnings per share for the quarter. Gulf Resources had a negative return on equity of 10.03% and a negative net margin of 165.06%.The business had revenue of $2.37 million for the quarter.

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 Monday, September 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gulf Resources currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on GURE

About Gulf Resources

(Get Free Report)

Gulf Resources, Inc is a China-based chemical manufacturing company that produces and sells bromine, crude salt and specialty chemical products. Its operations are primarily conducted through subsidiaries located in Shouguang, Shandong Province, an area known for chemical production and brine resources.

Bromine is used in a range of industrial applications, including flame retardants, water-treatment compounds, pharmaceuticals, agricultural chemicals, dyes and oil- and gas-field fluids.

Recommended Stories

Receive News & Ratings for Gulf Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Resources and related companies with MarketBeat.com's FREE daily email newsletter.