Petra Diamonds Limited (OTCMKTS:PDLMF) Stock Short Interest Drops 69.1%

Petra Diamonds Limited (OTCMKTS:PDLMF) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 384,090 shares, a decrease of 69.1% from the October 15th total of 1,243,533 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Petra Diamonds Price Performance

Petra Diamonds stock remained flat at $0.30 during midday trading on Friday. Petra Diamonds has a 1 year low of $0.30 and a 1 year high of $0.46. The stock has a 50 day moving average price of $0.30 and a 200 day moving average price of $0.30.

About Petra Diamonds

Petra Diamonds is a diamond mining group headquartered in the United Kingdom, with operations focused on Southern Africa. The company explores for, mines and sells rough diamonds to customers in the global diamond industry. Its operating portfolio has included the Cullinan and Finsch mines in South Africa and the Williamson mine in Tanzania. Petra’s history also includes the Koffiefontein mine in South Africa, which was placed on care and maintenance. The company sells its rough diamonds through tenders and other sales channels, supplying stones used in the jewelry industry.