Silver Bull Resources, Inc. (OTCMKTS:SVBL) Sees Large Increase in Short Interest

Silver Bull Resources, Inc. (OTCMKTS:SVBL) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 7,800 shares, an increase of 36.8% from the March 31st total of 5,700 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 0.4 days.

Silver Bull Resources Stock Performance

Shares of Silver Bull Resources stock traded down $0.01 during mid-day trading on Friday, hitting $0.12. 113 shares of the stock were exchanged, compared to its average volume of 10,053. Silver Bull Resources has a 12 month low of $0.06 and a 12 month high of $0.18. The company has a 50-day simple moving average of $0.13 and a 200 day simple moving average of $0.11. The company has a market capitalization of $4.13 million, a P/E ratio of -5.79 and a beta of 0.79.

Silver Bull Resources Company Profile

Silver Bull Resources, Inc, an exploration stage company, acquires, explores, and develops mineral properties in Mexico, Kazakhstan, and Canada. The company primarily explores for silver, lead, copper, and zinc deposits, as well as gold. Its principal project is the Sierra Mojada property comprising 20 concessions covering an area of 6,496 hectares located in Coahuila, Mexico.