Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Drops By 49.7%

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 7,800 shares, adropof49.7% from the July 15th total of 15,500 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.5 days.

Thungela Resources Stock Down 4.8%

Shares of Thungela Resources stock opened at $4.95 on Tuesday. The business has a fifty day simple moving average of $5.24 and a two-hundred day simple moving average of $5.51. Thungela Resources has a 1 year low of $4.46 and a 1 year high of $7.76.

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.