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

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large decrease in short interest during the month of 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,114 shares, the short-interest ratio is presently 0.3 days.

Gulf Resources Trading Up 1.6%

Gulf Resources stock traded up $0.05 during mid-day trading on Tuesday, reaching $3.20. 119,753 shares of the company traded hands, compared to its average volume of 156,109. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.34 and a quick ratio of 2.30. The firm’s 50 day moving average price is $3.30 and its 200 day moving average price is $4.03. The firm has a market capitalization of $5.79 million, a price-to-earnings ratio of -0.10 and a beta of -0.06. Gulf Resources has a 52-week low of $2.04 and a 52-week high of $11.83.

Gulf Resources (NASDAQ:GURE) last posted its earnings results on Friday, August 28th. The specialty chemicals company reported ($2.48) EPS for the quarter. Gulf Resources had a negative return on equity of 10.03% and a negative net margin of 165.06%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Gulf Resources from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Gulf Resources Company Profile

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.