Gulf Resources, Inc. (NASDAQ:GURE) Short Interest Down 49.1% in July

Gulf Resources, Inc. (NASDAQ:GURE) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 566 shares, a decline of 49.1% from the July 15th total of 1,111 shares. Based on an average trading volume of 2,246 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Gulf Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gulf Resources has an average rating of “Sell”.

Gulf Resources Trading Up 4.1%

GURE traded up $0.12 during trading on Tuesday, hitting $3.12. 10,074 shares of the company traded hands, compared to its average volume of 29,598. The company has a market cap of $4.81 million, a PE ratio of -0.06 and a beta of -0.10. The stock’s 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $4.38. Gulf Resources has a 1 year low of $2.04 and a 1 year high of $11.83.

Gulf Resources (NASDAQ:GURE) last issued its quarterly earnings data on Monday, August 17th. The specialty chemicals company reported ($1.51) earnings per share for the quarter. The firm had revenue of $6.43 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC lifted its position in Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,944 shares of the specialty chemicals company’s stock after purchasing an additional 28,020 shares during the period. Citadel Advisors LLC owned 8.46% of Gulf Resources worth $59,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.28% of the company’s stock.

Gulf Resources Company Profile

Gulf Resources, Inc (NASDAQ: GURE) is an industrial mineral exploration and development company focused on phosphate rock and related product development. The company’s primary objective is to advance mineral projects that supply phosphate-based raw materials for agricultural and industrial applications, including production of fertilizers, animal feed supplements and specialty chemical precursors.

Gulf Resources’ flagship asset is its Hamilton County phosphate project in north central Florida, where it holds extensive mineral leases covering phosphate-bearing formations.