Short Interest in Danakali Limited (OTCMKTS:SBMSF) Grows By 6,726.9%

Danakali Limited (OTCMKTS:SBMSF) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 177,500 shares, a growth of 6,726.9% from the March 31st total of 2,600 shares. Based on an average daily volume of 165,400 shares, the short-interest ratio is currently 1.1 days.

Danakali Stock Performance

Shares of SBMSF stock opened at $0.09 on Friday. Danakali has a fifty-two week low of $0.04 and a fifty-two week high of $0.21. The stock has a 50 day simple moving average of $0.10 and a two-hundred day simple moving average of $0.13.

About Danakali

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.