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

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 14,546 shares, a drop of 37.1% from the November 30th total of 23,134 shares. Based on an average trading volume of 20,035 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 20,035 shares, the short-interest ratio is presently 0.7 days.

Thungela Resources Stock Performance

OTCMKTS:TNGRF opened at $6.00 on Monday. Thungela Resources has a 12-month low of $4.25 and a 12-month high of $7.35. The stock’s fifty day simple moving average is $5.03 and its 200-day simple moving average is $5.16.

Thungela Resources Company Profile

Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher‐energy products tailored to customer specifications.

Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.