Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 54,000 shares, an increase of 105.3% from the August 31st total of 26,300 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 2.1 days.

Thungela Resources Trading Up 1.9%

TNGRF stock opened at $5.35 on Monday. Thungela Resources has a 12-month low of $4.46 and a 12-month high of $7.76. The company has a 50 day moving average of $5.30 and a two-hundred day moving average of $5.22.

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.