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

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

Genesis Minerals Stock Down 6.8%

Shares of Genesis Minerals stock opened at C$5.02 on Friday. Genesis Minerals has a twelve month low of C$2.69 and a twelve month high of C$6.19. The firm’s 50-day moving average price is C$4.20 and its 200 day moving average price is C$4.52.

Wall Street Analysts Forecast Growth

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

Genesis Minerals Company Profile

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.