Genesis Minerals Limited (OTCMKTS:GSISF) Short Interest Up 160.1% 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 15th, there was short interest totaling 1,216,000 shares, a growth of 160.1% from the June 30th total of 467,495 shares. Based on an average trading volume of 34,880 shares, the days-to-cover ratio is presently 34.9 days.

Genesis Minerals Stock Up 5.2%

OTCMKTS:GSISF traded up C$0.22 during trading hours on Tuesday, reaching C$4.41. 2,100 shares of the company traded hands, compared to its average volume of 3,577. The business’s 50-day moving average price is C$4.06 and its two-hundred day moving average price is C$4.55. Genesis Minerals has a 1 year low of C$2.31 and a 1 year high of C$6.19.

Wall Street Analysts Forecast Growth

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

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.