Mandalay Resources Co. (OTCMKTS:MNDJF) Sees Large Increase in Short Interest

Mandalay Resources Co. (OTCMKTS:MNDJF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,100 shares, an increase of 720.0% from the February 28th total of 500 shares. Based on an average daily trading volume, of 48,200 shares, the days-to-cover ratio is currently 0.1 days.

Mandalay Resources Stock Performance

MNDJF stock traded down C$0.05 during midday trading on Friday, reaching C$3.65. The stock had a trading volume of 44,016 shares, compared to its average volume of 20,306. The firm has a fifty day simple moving average of C$3.34 and a two-hundred day simple moving average of C$2.85. Mandalay Resources has a 52-week low of C$1.10 and a 52-week high of C$3.88.

About Mandalay Resources

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.