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

Genesis Minerals Limited (OTCMKTS:GSISF) saw a large increase in short interest during 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 volume of 17,522 shares, the days-to-cover ratio is currently 143.7 days.

Wall Street Analyst Weigh In

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

Genesis Minerals Stock Down 6.8%

OTCMKTS:GSISF opened at C$5.02 on Friday. Genesis Minerals has a one year low of C$2.69 and a one year high of C$6.19. The stock has a 50 day moving average price of C$4.20 and a 200 day moving average price of C$4.52.

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.