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

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

Gem Diamonds Stock Up 33.0 %

GMDMF stock opened at $0.17 on Wednesday. The business’s 50-day moving average price is $0.17 and its 200-day moving average price is $0.16. Gem Diamonds has a twelve month low of $0.10 and a twelve month high of $0.24.

About Gem Diamonds

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.