DANAKALI LTD Reports Increase in Sellers; Strong Momentum for Short Players

DANAKALI LTD ORDINARY SHARES (OTCMKTS:SBMSF) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of DANAKALI LTD ORDINARY SHARES (OTCMKTS:SBMSF) registered an increase of 241.71% in short interest. SBMSF’s total short interest was 63,900 shares in February as published by FINRA. Its up 241.71% from 18,700 shares, reported previously. With 61,900 shares average volume, it will take short sellers 1 days to cover their SBMSF’s short positions.

It closed at $0.519 lastly. It is down 0.00% since February 12, 2018 and is . It has by 0.00% the S&P500.

Danakali Limited operates in mining industry in Eritrea, East Africa. The company has market cap of $136.95 million. It primarily holds interests in the Colluli potash project in the Danakil region of Eritrea. It currently has negative earnings. The firm was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015.

Another recent and important Danakali Limited (OTCMKTS:SBMSF) news was published by Seekingalpha.com which published an article titled: “South Boulder Mines (H1 2015 Update) – Seeking Alpha” on February 01, 2015.