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

Gem Diamonds Limited (OTCMKTS:GMDMF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 665 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 280 shares, the days-to-cover ratio is presently 2.4 days.

Gem Diamonds Stock Performance

Shares of Gem Diamonds stock remained flat at $0.08 during trading on Friday. The stock’s 50-day moving average is $0.06 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 $0.13.

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