SouthGobi Resources Ltd. (OTCMKTS:SGQRF) Short Interest Up 3,500.0% in May

SouthGobi Resources Ltd. (OTCMKTS:SGQRFGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,600 shares, an increase of 3,500.0% from the May 15th total of 100 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is currently 1.5 days.

SouthGobi Resources Stock Performance

OTCMKTS SGQRF remained flat at $0.40 on Friday. The stock’s fifty day moving average price is $0.42 and its 200-day moving average price is $0.37. SouthGobi Resources has a 12 month low of $0.00 and a 12 month high of $0.40. The stock has a market capitalization of $118.45 million, a P/E ratio of 40.00 and a beta of 56.80.

SouthGobi Resources (OTCMKTS:SGQRFGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $82.17 million for the quarter. SouthGobi Resources had a negative return on equity of 3.36% and a net margin of 1.51%.

SouthGobi Resources Company Profile

(Get Free Report)

SouthGobi Resources Ltd., together with its subsidiaries, operates as an integrated coal mining, development, and exploration company in Mongolia and Hong Kong. The company primarily explores for coking and thermal coal. Its flagship project is the Ovoot Tolgoi open pit coal mine located in the Umnugobi Aimag of Mongolia.

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