Centamin plc (OTCMKTS:CELTF) Sees Significant Drop in Short Interest

Centamin plc (OTCMKTS:CELTF) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 113,800 shares, a drop of 62.5% from the October 31st total of 303,600 shares. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is currently 11.0 days.

Centamin Price Performance

Shares of Centamin stock remained flat at $1.88 on Thursday. Centamin has a 52 week low of $1.08 and a 52 week high of $2.27. The company’s 50-day simple moving average is $2.01 and its 200 day simple moving average is $1.75.

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.