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

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

Centamin Price Performance

CELTF stock remained flat at $1.88 during midday trading on Thursday. Centamin has a 12 month low of $1.08 and a 12 month high of $2.27. The firm has a fifty day simple moving average of $2.01 and a two-hundred day simple moving average of $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.