Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Up 429.8% in April

Mandalay Resources Co. (OTCMKTS:MNDJF) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 24,900 shares, an increase of 429.8% from the March 31st total of 4,700 shares. Based on an average daily trading volume, of 63,500 shares, the days-to-cover ratio is presently 0.4 days.

Mandalay Resources Trading Up 4.1 %

MNDJF stock opened at C$3.85 on Tuesday. The business’s fifty day moving average price is C$3.57 and its 200 day moving average price is C$3.06. Mandalay Resources has a 12-month low of C$1.45 and a 12-month high of C$4.14.

About Mandalay Resources

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.