Genesis Minerals Limited (OTCMKTS:GSISF) Short Interest Update

Genesis Minerals Limited (OTCMKTS:GSISF) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,319,339 shares, a decrease of 42.1% from the August 31st total of 2,277,168 shares. Based on an average trading volume of 5,140 shares, the short-interest ratio is currently 256.7 days.

Wall Street Analyst Weigh In

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

Genesis Minerals Price Performance

Shares of GSISF stock remained flat at C$4.97 during trading hours on Thursday. 1,011 shares of the stock traded hands, compared to its average volume of 4,095. Genesis Minerals has a fifty-two week low of C$3.49 and a fifty-two week high of C$6.54. The stock has a 50-day simple moving average of C$5.30 and a 200 day simple moving average of C$4.61.

Genesis Minerals Company Profile

Genesis Minerals Limited is an Australian gold exploration and mining company focused on developing and operating assets in Western Australia. Its principal interests are located in the Leonora region of the Goldfields, an established gold-producing area with supporting infrastructure and a long history of mining activity.

The company’s flagship asset is the Leonora Gold Project, which includes the Gwalia underground mine, the Leonora processing plant and associated deposits and exploration tenements.