Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Update

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 420,600 shares, a decline of 13.6% from the April 30th total of 486,700 shares. Based on an average daily volume of 349,900 shares, the short-interest ratio is presently 1.2 days. Approximately 4.5% of the company’s shares are sold short.

Gulf Resources Price Performance

Gulf Resources stock opened at $0.58 on Friday. The firm has a market capitalization of $7.69 million, a P/E ratio of -0.06 and a beta of 0.28. The business has a 50-day moving average of $0.68 and a 200-day moving average of $0.67. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Gulf Resources has a 1 year low of $0.50 and a 1 year high of $1.75.

Gulf Resources (NASDAQ:GURE) last released its quarterly earnings data on Tuesday, May 13th. The specialty chemicals company reported ($0.40) EPS for the quarter. The firm had revenue of $1.60 million during the quarter. Gulf Resources had a negative net margin of 776.15% and a negative return on equity of 53.74%.

About Gulf Resources

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People’s Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.