Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Down 64.6% in September

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 19,100 shares, a drop of 64.6% from the September 15th total of 54,000 shares. Based on an average daily volume of 13,700 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 13,700 shares, the short-interest ratio is currently 1.4 days.

Thungela Resources Stock Down 0.4%

Shares of OTCMKTS TNGRF opened at $4.85 on Friday. Thungela Resources has a fifty-two week low of $4.46 and a fifty-two week high of $7.76. The company has a 50 day simple moving average of $5.21 and a two-hundred day simple moving average of $5.17.

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.