Genesis Minerals Limited (OTCMKTS:GSISF) Short Interest Up 107.1% in July

Genesis Minerals Limited (OTCMKTS:GSISF) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,518,021 shares, a growth of 107.1% from the July 15th total of 1,216,000 shares. Based on an average daily volume of 17,522 shares, the days-to-cover ratio is currently 143.7 days.

Wall Street Analysts Forecast Growth

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

Genesis Minerals Price Performance

Shares of Genesis Minerals stock traded down C$0.37 during trading hours on Friday, reaching C$5.02. The company had a trading volume of 21,700 shares, compared to its average volume of 4,119. Genesis Minerals has a one year low of C$2.69 and a one year high of C$6.19. The business has a fifty day simple moving average of C$4.20 and a 200 day simple moving average of C$4.52.

About Genesis Minerals

Genesis Minerals Limited engages in the exploration and development of gold deposits in Western Australia. It owns 100% interests in the Leonora Gold project located to the north of Kalgoorlie; 65% interest in the Barimaia Gold project located in the Murchison district of Western Australia; and St Barbara's Leonora assets comprising Gwalia underground mine and Leonora mill, as well as Tower Hill, Zoroastrian, Aphrodite, and Harbour Lights projects. The company was incorporated in 2007 and is based in Perth, Australia.