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

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

Gem Diamonds Stock Up 33.0 %

OTCMKTS GMDMF traded up $0.04 on Tuesday, reaching $0.17. 10,000 shares of the company’s stock traded hands, compared to its average volume of 4,406. Gem Diamonds has a 12 month low of $0.10 and a 12 month high of $0.24. The stock has a 50-day simple moving average of $0.16 and a 200 day simple moving average of $0.16.

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.