Gulf Resources, Inc. (NASDAQ:GURE) Stock Short Interest Report for September

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 9,717 shares, a growth of 373.5% from the September 15th total of 2,052 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 309,625 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Gulf Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Gulf Resources Stock Up 21.6%

Shares of NASDAQ:GURE traded up $0.59 during trading on Monday, reaching $3.32. The stock had a trading volume of 273,455 shares, compared to its average volume of 48,022. Gulf Resources has a one year low of $2.04 and a one year high of $11.83. The company has a market capitalization of $6.02 million, a P/E ratio of -0.11 and a beta of -0.02. The company has a current ratio of 2.65, a quick ratio of 2.58 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.93.

Gulf Resources (NASDAQ:GURE) last posted its quarterly earnings data on Wednesday, September 30th. The specialty chemicals company reported $0.64 EPS for the quarter. Gulf Resources had a negative net margin of 134.41% and a negative return on equity of 8.95%. The firm had revenue of $12.89 million during the quarter.

Gulf Resources Company Profile

Gulf Resources, Inc is a chemical manufacturing company based in China. Through its subsidiaries, the company produces bromine, crude salt and specialty chemical products for industrial and commercial customers.

Its bromine products are used in applications including brominated compounds, flame retardants, pharmaceuticals, water treatment and oil and gas drilling fluids. The company’s specialty chemicals have included bromine-based materials such as calcium bromide and sodium bromide, while crude salt is produced as a separate chemical industry product.

Gulf Resources’ production operations are located in and around Shouguang City in Shandong Province, China, an area known for bromine and brine resources.