Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Up 97.4% in October

Thungela Resources Limited (OTCMKTS:TNGRF) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 15,400 shares, a growth of 97.4% from the October 15th total of 7,800 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 2.4 days.

Thungela Resources Stock Performance

TNGRF opened at $7.49 on Friday. Thungela Resources has a 1-year low of $5.35 and a 1-year high of $9.00. The firm’s 50 day simple moving average is $6.73 and its two-hundred day simple moving average is $6.74.

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.