Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Up 720.0% in March

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

Mandalay Resources Stock Performance

Mandalay Resources stock traded down C$0.05 during trading on Wednesday, hitting C$3.70. The company’s stock had a trading volume of 7,087 shares, compared to its average volume of 19,884. The stock’s fifty day moving average is C$3.33 and its 200 day moving average is C$2.84. Mandalay Resources has a 1-year low of C$1.08 and a 1-year 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.