Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Drops By 41.8%

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 6,400 shares, a decline of 41.8% from the March 31st total of 11,000 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 0.9 days.

Thungela Resources Stock Performance

Shares of OTCMKTS TNGRF opened at $6.90 on Friday. The stock’s 50-day moving average is $6.45 and its two-hundred day moving average is $7.46. Thungela Resources has a 1-year low of $5.35 and a 1-year high of $10.39.

Thungela Resources Company Profile

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery.