Short Interest in Centamin plc (OTCMKTS:CELTF) Expands By 689.5%

Centamin plc (OTCMKTS:CELTF) was the target of a large 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 short-interest ratio is currently 16.1 days.

Centamin Stock Performance

Shares of CELTF traded up $0.04 during midday trading on Friday, hitting $2.18. The stock had a trading volume of 29,153 shares, compared to its average volume of 10,273. The company has a 50 day simple moving average of $1.91 and a two-hundred day simple moving average of $1.69. Centamin has a twelve month low of $0.95 and a twelve month high of $2.27.

Centamin Company Profile

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.