Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Up 800.0% in December

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,300 shares, an increase of 800.0% from the December 15th total of 700 shares. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is currently 0.1 days.

Mandalay Resources Stock Down 1.3 %

OTCMKTS:MNDJF traded down C$0.04 during trading hours on Monday, reaching C$2.81. 8,401 shares of the company’s stock were exchanged, compared to its average volume of 10,714. Mandalay Resources has a 1-year low of C$1.03 and a 1-year high of C$3.40. The company has a 50-day moving average of C$2.71 and a 200 day moving average of C$2.32.

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.