Short Interest in Silver Bull Resources, Inc. (OTCMKTS:SVBL) Rises By 489.6%

Silver Bull Resources, Inc. (OTCMKTS:SVBL) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 65,422 shares, an increase of 489.6% from the May 31st total of 11,096 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 448,238 shares, the days-to-cover ratio is currently 0.1 days.

Silver Bull Resources Stock Up 2.2%

Shares of SVBL traded up $0.00 during trading hours on Friday, reaching $0.09. 7,625 shares of the company traded hands, compared to its average volume of 63,647. The company’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.25. The company has a market capitalization of $4.42 million, a price-to-earnings ratio of -0.32 and a beta of 1.78. Silver Bull Resources has a 12 month low of $0.05 and a 12 month high of $0.61.

Silver Bull Resources Company Profile

Silver Bull Resources Inc is a mineral exploration and development company focused on silver and associated base metals. The company’s core asset is the Sierra Mojada project, an advanced‐stage silver–lead–zinc deposit located in Coahuila State, Mexico. Sierra Mojada hosts both high‐grade massive sulphide zones and broader, lower‐grade mineralization, making it one of the largest undeveloped silver resources in North America.

At Sierra Mojada, Silver Bull has completed extensive drilling programs and preliminary economic studies under Canadian National Instrument 43-101 standards.