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

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

Gem Diamonds Stock Performance

Shares of GMDMF remained flat at $0.15 on Friday. Gem Diamonds has a one year low of $0.01 and a one year high of $0.15. The company has a 50 day moving average of $0.07 and a 200-day moving average of $0.06.

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.