Thungela Resources Limited (OTCMKTS:TNGRF) Stock Short Interest Jumps 90.3%

Thungela Resources Limited (OTCMKTS:TNGRF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 6,146 shares, a growth of 90.3% from the September 30th total of 3,230 shares. Based on an average daily volume of 3,382 shares, the short-interest ratio is presently 1.8 days.

Thungela Resources Price Performance

TNGRF stock opened at $8.14 on Monday. Thungela Resources has a one year low of $4.38 and a one year high of $10.72. The company has a 50 day moving average price of $8.05 and a two-hundred day moving average price of $7.73.

Thungela Resources Company Profile

Thungela Resources Limited is a mining company focused primarily on the production and sale of thermal coal. The company supplies coal for electricity generation and serves both international export markets and domestic customers in South Africa. Its activities include mining, processing, transporting and marketing coal.

Thungela operates a portfolio of coal mines in South Africa, principally in the Mpumalanga province. Its operations include both underground and open-cast mining assets, with export coal transported to international customers through the Richards Bay Coal Terminal.