Silver Bull Resources, Inc. (OTCMKTS:SVBL) Short Interest Up 349.1% in January

Silver Bull Resources, Inc. (OTCMKTS:SVBL) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 32,526 shares, a growth of 349.1% from the January 15th total of 7,242 shares. Based on an average daily trading volume, of 142,874 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 142,874 shares, the days-to-cover ratio is currently 0.2 days.

Silver Bull Resources Price Performance

Shares of SVBL stock opened at $0.21 on Wednesday. The company has a market capitalization of $9.95 million, a P/E ratio of -0.78 and a beta of 0.99. The company’s 50-day simple moving average is $0.24 and its two-hundred day simple moving average is $0.23. Silver Bull Resources has a one year low of $0.09 and a one year high of $0.29.

Silver Bull Resources (OTCMKTS:SVBL) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported ($0.26) earnings per share for the quarter.

Silver Bull Resources Company Profile

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.