Will BLACKHAM RESOURCES LTD. ORDINARY SHARES (OTCMKTS:BKHRF) Run Out of Steam Soon? Short Interest is Up

April 19, 2018 - By wolcottdaily

Blackham Resources Limited (OTCMKTS:BKHRF) Logo

The stock of BLACKHAM RESOURCES LTD. ORDINARY SHARES (OTCMKTS:BKHRF) registered an increase of 3700% in short interest. BKHRF’s total short interest was 155,800 shares in April as published by FINRA. Its up 3700% from 4,100 shares, reported previously. With 41,900 shares average volume, it will take short sellers 4 days to cover their BKHRF’s short positions. The short interest to BLACKHAM RESOURCES LTD. ORDINARY SHARES’s float is 0.05%.

It closed at $0.055 lastly. It is down 0.00% since April 19, 2017 and is . It has underperformed by 11.55% the S&P500.

Blackham Resources Limited explores for and develops mineral properties in Australia. The company has market cap of $72.24 million. It holds interest in the Matilda Gold project and wet commissioning the Wiluna Gold Plant located in Australia. It currently has negative earnings.

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