Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Down 20.8% in May

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 26,700 shares, a decline of 20.8% from the April 30th total of 33,700 shares. Based on an average daily trading volume, of 87,200 shares, the days-to-cover ratio is presently 0.3 days.

Mandalay Resources Trading Down 0.6%

Shares of MNDJF stock opened at C$3.55 on Monday. Mandalay Resources has a 12 month low of C$1.45 and a 12 month high of C$4.14. The stock has a 50 day moving average of C$3.65 and a 200-day moving average of C$3.27.

Mandalay Resources Company Profile

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.