Gem Diamonds Limited (OTCMKTS:GMDMF) Sees Significant Increase in Short Interest

Gem Diamonds Limited (OTCMKTS:GMDMF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,100 shares, an increase of 6.9% from the May 31st total of 2,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 31.0 days.

Gem Diamonds Stock Performance

Shares of GMDMF stock opened at $0.17 on Wednesday. Gem Diamonds has a fifty-two week low of $0.10 and a fifty-two week high of $0.24. The stock’s 50-day simple moving average is $0.17 and its 200-day simple moving average is $0.16.

Gem Diamonds Company Profile

Gem Diamonds Limited, together with its subsidiaries, operates diamond mines. It also produces, manufactures, sells, and markets rough and polished diamonds; and provides technical, financial, and management consulting services. It operates in Lesotho, Botswana, Belgium, British Virgin Islands, South Africa, the United Kingdom, and Cyprus.