Today’s Stock On Watch: What Next for SOURCINGLINKNET INCORPORATED (OTCMKTS:SNET) Stock After Decrease in Shorted Shares?

November 16, 2016 - By Linda Rogers   ·   0 Comments

Today's Stock On Watch: What Next for SOURCINGLINKNET INCORPORATED (OTCMKTS:SNET) Stock After Decrease in Shorted Shares?

The stock of SOURCINGLINKNET INCORPORATED (OTCMKTS:SNET) registered a decrease of 24.83% in short interest. SNET’s total short interest was 11,200 shares in November as published by FINRA. Its down 24.83% from 14,900 shares, reported previously. With 53,300 shares average volume, it will take short sellers 0 days to cover their SNET’s short positions. The stock last traded at $0.0624 per share. It is down 79.20% since April 19, 2016 and is downtrending. It has underperformed by 83.89% the S&P500.

SourcingLink.net, Inc. is engaged in the business of sourcing, acquiring, trading and dealing in gem stones and rare earth minerals. The company has a market cap of $2.65 million. The Firm is a well-known provider of rare antiquities and designed jewelry adorned with gemstones and made of fine metals. It currently has negative earnings. The Firm offers uncut/unpolished rare earth minerals on a wholesale level.

More notable recent SourcingLink.net, Inc. (OTCMKTS:SNET) news were published by: Prnewswire.com which released: “SourcingLink.net, Inc. Announces A New Discovery” on October 15, 2015, also Marketwired.com with their article: “SourcingLink.net Inc. : Lithium and Rubidium Exploration” published on August 25, 2016, Marketwired.com published: “SourcingLink.net, Inc.: Letter to the Shareholders” on September 20, 2016. More interesting news about SourcingLink.net, Inc. (OTCMKTS:SNET) were released by: Finance.Yahoo.com and their article: “Substantial Lithium Find on the Border of SNET Lac Fire Claim” published on October 11, 2016 as well as Reuters.com‘s news article titled: “SourcingLink.net, Inc announces addition of new President” with publication date: September 30, 2014.

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By Linda Rogers


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