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

Silver Bull Resources, Inc. (OTCMKTS:SVBL) saw a significant increase in short interest during the month of 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 stock are sold short. Based on an average daily trading volume, of 448,238 shares, the short-interest ratio is currently 0.1 days.

Silver Bull Resources Stock Performance

Shares of Silver Bull Resources stock traded up $0.00 during mid-day trading on Friday, hitting $0.09. 7,625 shares of the stock were exchanged, compared to its average volume of 63,647. The company has a market capitalization of $4.42 million, a P/E ratio of -0.32 and a beta of 1.78. The company has a 50-day simple moving average of $0.29 and a 200 day simple moving average of $0.25. Silver Bull Resources has a 12 month low of $0.05 and a 12 month high of $0.61.

About Silver Bull Resources

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.