Short Interest in Danakali Limited (OTCMKTS:SBMSF) Drops By 15.1%

Danakali Limited (OTCMKTS:SBMSF) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 74,200 shares, a decline of 15.1% from the December 15th total of 87,400 shares. Based on an average daily volume of 37,800 shares, the short-interest ratio is currently 2.0 days.

Danakali Stock Performance

Shares of OTCMKTS SBMSF opened at $0.17 on Friday. Danakali has a 52-week low of $0.05 and a 52-week high of $0.24. The company’s 50 day moving average price is $0.15 and its 200-day moving average price is $0.17.

Danakali Company Profile

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.