Gem Diamonds Limited (OTCMKTS:GMDMF) Short Interest Up 900.0% in April

Gem Diamonds Limited (OTCMKTS:GMDMF – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,000 shares, a growth of 900.0% from the April 15th total of 100 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 0.3 days.

Shares of GMDMF opened at $0.75 on Thursday. Gem Diamonds has a 12 month low of $0.28 and a 12 month high of $1.05. The stock’s 50-day moving average price is $0.77 and its two-hundred day moving average price is $0.76.

Gem Diamonds Company Profile (Get Rating)

Gem Diamonds Limited operates diamond mines. The company's flagship project is the Leteng mine located in the located in the Maluti Mountains of Lesotho. It is also involved in the production, manufacture, wholesale, retail, and marketing rough and polished diamonds. In addition, the company provides technical, financial, administrative, and management consulting services.

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