Will BEADELL RESOURCES LTD. ORDINARY SHARES (OTCMKTS:BDREF) Run Out of Steam Soon? Short Interest Is Down

May 17, 2018 - By Alfred Lee

Beadell Resources Limited (OTCMKTS:BDREF) Logo

The stock of BEADELL RESOURCES LTD. ORDINARY SHARES (OTCMKTS:BDREF) registered a decrease of 92.62% in short interest. BDREF’s total short interest was 14,000 shares in May as published by FINRA. Its down 92.62% from 189,700 shares, reported previously. With 3,600 shares average volume, it will take short sellers 4 days to cover their BDREF’s short positions.

The stock increased 12.50% or $0.006 during the last trading session, reaching $0.054. About 27,000 shares traded. Beadell Resources Limited (OTCMKTS:BDREF) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Beadell Resources Limited operates as a gold producer in Brazil. The company has market cap of $62.10 million. The Company’s principal property is the Tucano gold mine covering an area of approximately 2,500 km² of gold exploration tenements located in the Amapá state, northern Brazil. It currently has negative earnings.

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