Centamin plc (OTCMKTS:CELTF) Sees Large Growth in Short Interest

Centamin plc (OTCMKTS:CELTF) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 637,900 shares, a growth of 689.5% from the September 30th total of 80,800 shares. Based on an average daily volume of 39,700 shares, the days-to-cover ratio is currently 16.1 days.

Centamin Stock Performance

OTCMKTS:CELTF traded down $0.12 during mid-day trading on Friday, reaching $2.14. The stock had a trading volume of 2,199 shares, compared to its average volume of 10,161. The firm has a 50 day moving average price of $1.90 and a two-hundred day moving average price of $1.68. Centamin has a one year low of $0.95 and a one year high of $2.27.

About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d’Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.