Short Interest in Adamas One Corp. (NASDAQ:JEWL) Rises By 1,616.8%

Adamas One Corp. (NASDAQ:JEWL) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 194,000 shares, an increase of 1,616.8% from the March 15th total of 11,300 shares. Based on an average trading volume of 128,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Adamas One stock. Renaissance Technologies LLC acquired a new stake in Adamas One Corp. (NASDAQ:JEWL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned about 0.14% of Adamas One at the end of the most recent reporting period. Institutional investors own 0.78% of the company’s stock.

Adamas One Trading Down 2.5 %

NASDAQ JEWL opened at $0.38 on Thursday. The company has a 50 day moving average price of $0.46 and a 200 day moving average price of $0.54. Adamas One has a 52 week low of $0.30 and a 52 week high of $2.01.

Adamas One Company Profile

Adamas One Corp., a diamond company, produces single crystal diamonds and diamond materials for diamond jewelry industry and industrial markets in the United States and internationally. The company was incorporated in 2018 and is based in Scottsdale, Arizona.