Gem Diamonds Limited (OTCMKTS:GMDMF) Short Interest Up 6.9% in June

Gem Diamonds Limited (OTCMKTS:GMDMF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,100 shares, an increase of 6.9% from the May 31st total of 2,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 31.0 days.

Gem Diamonds Price Performance

Shares of GMDMF stock traded up $0.04 during trading hours on Tuesday, hitting $0.17. 10,000 shares of the company’s stock were exchanged, compared to its average volume of 4,406. The stock’s 50-day moving average is $0.16 and its 200-day moving average is $0.16. Gem Diamonds has a 52 week low of $0.10 and a 52 week high of $0.24.

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.