Danakali Limited (OTCMKTS:SBMSF) Sees Significant Decrease in Short Interest

Danakali Limited (OTCMKTS:SBMSF) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 87,400 shares, a decline of 16.0% from the November 30th total of 104,000 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is currently 6.5 days.

Danakali Trading Up 7.7 %

Shares of OTCMKTS SBMSF traded up $0.01 on Monday, reaching $0.14. 13,200 shares of the company traded hands, compared to its average volume of 97,373. Danakali has a fifty-two week low of $0.04 and a fifty-two week high of $0.27. The company has a 50 day moving average of $0.16 and a 200 day moving average of $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.