Genesis Minerals Limited (OTCMKTS:GSISF) Shares Shorted: Short Interest Down 69.7% in October

Genesis Minerals Limited (OTCMKTS:GSISF) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 263,094 shares, a decline of 69.7% from the October 15th total of 868,144 shares. Based on an average daily volume of 7,086 shares, the days-to-cover ratio is currently 37.1 days.

Genesis Minerals Stock Performance

Shares of GSISF opened at C$5.17 on Friday. The stock has a fifty day moving average of C$5.08 and a two-hundred day moving average of C$4.75. Genesis Minerals has a fifty-two week low of C$3.49 and a fifty-two week high of C$6.54.

Analyst Upgrades and Downgrades

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 Company Profile

Genesis Minerals is an Australian gold company focused on exploring, developing and operating gold assets in Western Australia. Its portfolio includes projects in the Leonora and Laverton regions, with activities spanning mine operations, project development and mineral exploration. The company expanded its Western Australian portfolio through the acquisition of St Barbara’s Leonora assets and Dacian Gold. Genesis is led by Managing Director Raleigh Finlayson and is focused on developing its regional assets into an integrated gold business.