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

Gem Diamonds Limited (OTCMKTS:GMDMF) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 800 shares, an increase of 166.7% from the February 13th total of 300 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 8.0 days.

Gem Diamonds Price Performance

OTCMKTS:GMDMF remained flat at $0.16 during midday trading on Thursday. The business’s 50 day moving average price is $0.15 and its 200 day moving average price is $0.14. Gem Diamonds has a fifty-two week low of $0.10 and a fifty-two week high of $0.21.

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.