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

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

Gem Diamonds Price Performance

Shares of OTCMKTS GMDMF opened at $0.15 on Tuesday. Gem Diamonds has a 12 month low of $0.01 and a 12 month high of $0.15. The firm’s 50 day simple moving average is $0.07 and its 200-day simple moving average is $0.06.

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Gem Diamonds Company Profile

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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.

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