Short Interest in Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) Declines By 66.9%

Mountain Province Diamonds Inc. (OTCMKTS:MPVDF) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,921 shares, a decline of 66.9% from the May 31st total of 8,821 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 136,242 shares, the days-to-cover ratio is currently 0.0 days.

Mountain Province Diamonds Stock Performance

MPVDF traded up $0.00 during trading on Tuesday, hitting $0.01. 16,000 shares of the company traded hands, compared to its average volume of 51,288. Mountain Province Diamonds has a one year low of $0.01 and a one year high of $0.07. The stock’s fifty day moving average is $0.03 and its 200 day moving average is $0.04. The company has a quick ratio of 0.02, a current ratio of 0.77 and a debt-to-equity ratio of 78.50. The firm has a market cap of $3.01 million, a P/E ratio of -0.02 and a beta of 1.08.

Mountain Province Diamonds (OTCMKTS:MPVDF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.23) EPS for the quarter. The company had revenue of $29.15 million during the quarter. Mountain Province Diamonds had a negative return on equity of 404.80% and a negative net margin of 203.32%.

About Mountain Province Diamonds

Mountain Province Diamonds Inc is a Canadian-based diamond producer primarily engaged in the development, operation and marketing of rough diamonds. The company holds a 49% interest in the Gahcho Kué Diamond Mine, one of the world’s largest new diamond deposits, located in the Northwest Territories of Canada. Through its joint venture with De Beers Canada, Mountain Province Diamonds contributes to the extraction and sale of high‐quality gem and near‐gem diamonds suited for global jewelry markets.

The Gahcho Kué mine commenced commercial production in the mid-2010s and draws ore from multiple kimberlite pipes near Kennady Lake.