Genesis Minerals Limited (OTCMKTS:GSISF) Short Interest Update

Genesis Minerals Limited (OTCMKTS:GSISF) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,216,000 shares, an increase of 160.1% from the June 30th total of 467,495 shares. Based on an average daily trading volume, of 34,880 shares, the days-to-cover ratio is currently 34.9 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $7.80 price objective on Genesis Minerals in a research report on Monday, July 20th.

Genesis Minerals Stock Performance

Shares of GSISF stock opened at C$4.19 on Monday. The stock has a fifty day simple moving average of C$4.07 and a two-hundred day simple moving average of C$4.55. Genesis Minerals has a 52-week low of C$2.31 and a 52-week high of C$6.19.

Genesis Minerals Company Profile

Genesis Minerals Limited engages in the exploration and development of gold deposits in Western Australia. It owns 100% interests in the Leonora Gold project located to the north of Kalgoorlie; 65% interest in the Barimaia Gold project located in the Murchison district of Western Australia; and St Barbara's Leonora assets comprising Gwalia underground mine and Leonora mill, as well as Tower Hill, Zoroastrian, Aphrodite, and Harbour Lights projects. The company was incorporated in 2007 and is based in Perth, Australia.