Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Update

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 45,200 shares, an increase of 2,052.4% from the March 31st total of 2,100 shares. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is currently 3.5 days.

Mandalay Resources Price Performance

Shares of MNDJF traded down C$0.02 during mid-day trading on Thursday, hitting C$1.66. The stock had a trading volume of 480 shares, compared to its average volume of 6,012. The company’s fifty day simple moving average is C$1.27 and its two-hundred day simple moving average is C$1.30. Mandalay Resources has a fifty-two week low of C$1.00 and a fifty-two week high of C$1.79.

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.