Short Interest in Thungela Resources Limited (OTCMKTS:TNGRF) Decreases By 21.0%

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 281,600 shares, a decline of 21.0% from the March 15th total of 356,300 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 82.8 days.

Thungela Resources Stock Performance

Shares of OTCMKTS:TNGRF opened at $5.09 on Monday. Thungela Resources has a twelve month low of $4.46 and a twelve month high of $7.76. The company’s 50 day moving average is $5.86 and its 200 day moving average is $6.65.

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.