Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Up 2,971.6% in March

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 356,300 shares, a growth of 2,971.6% from the February 28th total of 11,600 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 132.0 days.

Thungela Resources Price Performance

Shares of OTCMKTS TNGRF traded up $0.08 during mid-day trading on Wednesday, hitting $5.84. 280 shares of the company were exchanged, compared to its average volume of 6,697. The stock has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $6.78. Thungela Resources has a 1-year low of $5.60 and a 1-year high of $7.94.

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.