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

Gem Diamonds Limited (OTCMKTS:GMDMF – Get Rating) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a decline of 90.0% from the April 30th total of 1,000 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 0.0 days.

GMDMF stock remained flat at $$0.82 during trading on Wednesday. Gem Diamonds has a 1-year low of $0.28 and a 1-year high of $1.05. The company’s fifty day moving average is $0.78 and its two-hundred day moving average is $0.76.

About Gem Diamonds (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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