Thungela Resources Limited (OTCMKTS:TNGRF) Sees Large Decrease in Short Interest

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,600 shares, a decrease of 30.8% from the May 15th total of 5,200 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.9 days.

Thungela Resources Trading Down 5.3%

Shares of TNGRF opened at $4.85 on Thursday. Thungela Resources has a fifty-two week low of $4.46 and a fifty-two week high of $7.76. The company’s fifty day moving average is $5.07 and its two-hundred day moving average is $6.03.

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.