Genesis Minerals Limited (OTCMKTS:GSISF) Sees Significant Increase in Short Interest

Genesis Minerals Limited (OTCMKTS:GSISF – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,216,000 shares, an increase of 160.1% from the June 30th total of 467,495 shares. Based on an average daily volume of 34,880 shares, the short-interest ratio is presently 34.9 days.

Analyst Upgrades and Downgrades

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

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Genesis Minerals Stock Performance

Shares of GSISF stock traded up C$0.02 during mid-day trading on Wednesday, reaching C$4.42. 250 shares of the company’s stock traded hands, compared to its average volume of 3,539. Genesis Minerals has a 12 month low of C$2.46 and a 12 month high of C$6.19. The company’s 50-day moving average price is C$4.05 and its 200-day moving average price is C$4.55.

About Genesis Minerals

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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.

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