Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Up 97.4% in October

Thungela Resources Limited (OTCMKTS:TNGRF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 15,400 shares, an increase of 97.4% from the October 15th total of 7,800 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 2.4 days.

Thungela Resources Stock Performance

Shares of Thungela Resources stock opened at $7.49 on Friday. The company’s 50 day moving average is $6.73 and its 200 day moving average is $6.74. Thungela Resources has a twelve month low of $5.35 and a twelve month high of $9.00.

Thungela Resources Company Profile

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