Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Decreases By 21.0%

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 281,600 shares, a decrease of 21.0% from the March 15th total of 356,300 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is currently 82.8 days.

Thungela Resources Stock Performance

OTCMKTS:TNGRF opened at $5.09 on Monday. The firm has a 50-day simple moving average of $5.86 and a 200-day simple moving average of $6.65. Thungela Resources has a one year low of $4.46 and a one year high of $7.76.

About Thungela Resources

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.