Short Interest in Gem Diamonds Limited (OTCMKTS:GMDMF) Decreases By 62.6%

Gem Diamonds Limited (OTCMKTS:GMDMF) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 249 shares, a decline of 62.6% from the August 15th total of 665 shares. Based on an average trading volume of 3 shares, the days-to-cover ratio is currently 83.0 days.

Gem Diamonds Stock Performance

Gem Diamonds stock remained flat at $0.15 during midday trading on Friday. The company’s 50 day moving average is $0.07 and its 200 day moving average is $0.06. Gem Diamonds has a 52 week low of $0.01 and a 52 week high of $0.15.

Gem Diamonds Company Profile

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. Gem Diamonds Limited was incorporated in 2005 and is headquartered in London, the United Kingdom.